Economic growth in the Gulf Cooperation Council (GCC) is set to rebound over 2018-19 – driven by recovery in energy prices, expiration of oil production cutbacks, and an easing of fiscal austerity.
Yet, it is essential that GCC governments accelerate reforms towards long term financial sustainability. Here are Oliver Wyman’s four pillars upon which it can be achieved: Diversification of government revenues, optimization of government expenditures, better management of government funds and sustainable socio-economic development with less reliance on the government sector.
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