In the shorter term the agency said it expects public-sector debt to fall from 10.4% of GDP in 2022 to 9.9% in 2023 and 9.1% in 2024.įitch also expects Ras Al-Khaimah’s budget deficits, combined with some debt repayments by state-owned enterprises, to reduce public-sector deposits from 12.9% of GDP in December 2022 to 11% by the end of 2024. Rendering of the planned interior of the Wynn Al Marjan Island resort Wynn Resorts, Limitedįitch also said that, over the medium-term, “the public-sector balance sheet may be weakened by debt drawdowns to finance the construction of the integrated resort”.
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