Gulf Economic Barometer
The Gulf Economic Barometer monitors initiatives taken by Gulf states as they seek fiscal, monetary, and trade policy changes to meet the challenge of reduced state revenue from natural resources. The key trend is a major shift in the way the GCC countries have been spending on public sector wages, infrastructure, and social services over the last decade. The GEB documents the policy changes as they are announced and/or implemented by country and by sector and is updated regularly as data becomes available. The information here is neither official nor exhaustive.
Market Watch: The Cost of Private Education
Issue Paper: Private Financing, Ownership, and Management of Gulf Infrastructure
Market Watch: Qatar Crisis Heightens Obstacles to the Economic Reform Agenda
by Karen E. Young
While there are professed visions of change away from state-led growth, in which new private sector dynamism and the expansion of Gulf equity markets would employ citizens and wean states from oil and gas revenue, the realities of politics on the ground in the last two weeks demonstrate there are more powerful forces at play.
Tags
Market Watch: Reformers are Holding Ground: Saudi Arabia’s New Fiscal Policy
by Karen E. Young
The Saudi budget for 2017 demonstrates that fiscal reform works; at least, it shows that with a reduction in spending will come a decline in deficit.