Public Debt and Fiscal Vulnerability in the Middle East

Public Debt and Fiscal Vulnerability in the Middle East
Public debt in the Middle East increased during the mid-1990s mainly because of fiscal expansions. It decreased in recent years, thanks to high oil revenue, economic growth, some primary non-oil fiscal adjustment, and debt relief. While countries in the Middle East appear to have adequately reacted to high indebtedness in the past, public debt... READ MORE...

Publication date: January 2007
ISBN 9781451865769
$18.00

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