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Kuwait to record highest non-oil budget deficit among GCC countries

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KUWAIT CITY, Nov 21: The International Monetary Fund (IMF) projected that Kuwait will record the highest non-oil budget deficit among the Gulf countries at 68.7 percent in 2021, reports Al-Rai daily. A governmental study included a comparison of forecasts for the economy of Kuwait and other Gulf countries, in which the fund hinted that the government debt to gross domestic product (GDP) ratio for the current year will reach 36.6 percent, while the average in the Gulf will be 43 percent

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