(MENAFN) Kuwait Financial Center 'Markaz' focused on whole basis for 2016 that the financing need for GCC nations to be at USD 151.3bn of which USD 78.1bn to come from reserves.
Moreover, a USD 57.7bn comes from local and global bond issuances (38 percent) and the rest loans (10 percent), while total GCC governments expected to raise between USD 385-390bn.
The low oil prices warned the financial landscape of GCC countries as the prized fiscal surplus recorded in erstwhile years has flipped into large scale lacks to USD 160bn.
In addition, 2015 deficit was met by local bond issuances and the remaining by liquidating reserves held in Sovereign Wealth Funds (SWFs).
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