Middle East & Africa round-up: Kuwait public spending remains solid amid lower oil revenues, and more

9 Apr 15

A round-up of recent public finance stories from the Middle East & Africa you might have missed.

 
Government spending remained solid ten months into the fiscal year of 2014/15 even as revenues fell. (Kuwait Times)
 
 
Tanzania’s gross domestic product expanded by more than 7% in 2014, with falling oil prices expected to further buoy the economy this year, the International Monetary Fund said. (Reuters Africa)
 
 
President Macky Sall said Senegal will sell at least $500m of debt in international markets this year and may issue more Islamic bonds to finance the budget. (Bloomberg)
 
 
Seth Terkper, minister of finance, has said that the current public debt situation was not entirely the doing of the current administration. (SPY Ghana)
 
 
ANALYSIS: As oil prices head south with rising inventories in the US, Algeria's Energy Minister Youcef Yousfi has opened up discussions on possible responses to the continued decline in OIL PRICES with fellow Organisation of the Petroleum Exporting Countries (OPEC) members Angola and Nigeria, according to Algeria’s state news agency APS. (This Day Live)

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