MANAMA: Bahrain’s budget is seen nearing balance if oil prices continue to average $85 a barrel next year, says Fitch Ratings.
Commenting on the resurgence in oil prices, the US-based ratings agency said yesterday that this would lead to a marked improvement in GCC fiscal and external balances in 2021, alongside reform momentum that has taken hold to varying degrees since 2014 in response to oil price volatility .
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