States prepare for budget deficits

Martin, Matthew
January 2009
MEED: Middle East Economic Digest;1/16/2009, Vol. 53 Issue 3, p20
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.


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