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Gulf budget deficits shrink as rulers spend less
Published Tue, May 2, 2017 · 09:50 PM
Dubai
SPENDING cuts and an increase in oil prices are helping Gulf Arab monarchies lower some of the world's highest budget deficits, the International Monetary Fund said, hailing it as progress in efforts to transform economies that have relied on hydrocarbons for more than five decades.
Most of the c…
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