Qatar expects budget deficit for several years, Oman issued sovereign bonds
20 June 2016
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The Qatari government expects a budget deficit for a period of three years, at least as a result of damage to revenues due to lower natural gas prices and Alinvt.ozkrt the Ministry of Development Planning and country statistics, in its report, it expects a deficit of 7.8% of GDP in the current year, this will be the first deficit seen in the country in 15 Aama.ohma figure is higher than expected, which appeared in the latest report published by the ministry in December / December, where he predicted a deficit of 4.8% in 2016.oodavc Qatari ministry that the expected deficit next year will rise to 7.9%, falling in 2018 to 4.2%, noting that the achievement of the projected estimates requires more austerity. The report stated that these estimates assume that the government will reduce recurrent spending and rein in capital spending growth to below the levels that have been developed in previous programs. In addition to effectively reducing the cost of the oil and gas sector and get additional revenue from outside the sector. The outlook depends in part on hopes of rising energy prices. The ministry also expects to grow Qatar's economy by 3.9% this year, down from 4.3% in the previous year, along with growth of 3.8% next year, and by 3.2% in 2018.aly that Omani Ministry of Finance announced that it was able to raise $ $ 2.5 billion from the sale of bonds in the process assigned to the five international banks in order to reduce its budget deficit caused by low oil prices. The ministry said that the first international version of the bonds Sultanate for more than two decades, received overwhelming response from investors, according to the Oman News Agency Alsmh.oosdrt Sultanate quoted bonds worth billion dollars repayable over five years at an interest rate nominal 3.625%, also issued a second tranche of bonds $ 1.5 billion at an interest rate 4.750%, according to the statement. Oman expects a deficit in the government budget of $ 8.6 billion this year, compared with $ 11.7 billion in the Sultanate 2015.otbnt measures to cut spending and increase revenue, including support to reduce fuel and electricity. It produces the Sultanate of Oman, the State is a member of the Organization of Petroleum Exporting Countries "OPEC", about a million barrels of oil a day.