Amman/Beirut, 24 November 2022--Public spending in the Arab region, measured as a share of GDP, has remained virtually unchanged over the past decade at 34 per cent, only one percentage point below the global average. With the outbreak of the COVID-19 pandemic in 2020, the global average rose to 40 per cent, while the regional average only increased by two points to nearly 36 per cent, due to the narrow fiscal space and shrinking incomes that the region's economies face. These are some of the findings of a new report issued today by the Economic and Social Commission for Western Asia (
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
