TITLE

States prepare for budget deficits

AUTHOR(S)
Martin, Matthew
PUB. DATE
January 2009
SOURCE
MEED: Middle East Economic Digest;1/16/2009, Vol. 53 Issue 3, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the impending budget deficits across state governments in the Middle East. It reveals that governments will be faced with a decision on how they should finance their income shortfalls. Suggestions for governments to fill budget deficits include liquidating large foreign investments at low valuations and issuing debt instruments. Moreover, most economists expect finance ministries to capitalize on multiple sources of finance to fund predicted budget deficits.
ACCESSION #
36492160

 

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