CLEAN : IMF says fiscal reform moving Gulf in right direction

The video discusses the economic impact on the GCC's oil and non-oil sectors, highlighting a growth in the non-oil sector. It details Saudi Arabia's fiscal adjustments over recent years, which have reduced expenditure and are expected to lower the deficit to under 2% in the coming years. The video emphasizes the need for continued fiscal adjustments and structural reforms to diversify the economy, reduce oil dependency, and create jobs.

What is the expected level of deficit in the next three to five years if current adjustments continue?

What additional reforms are necessary for the GCC economy to diversify beyond oil?