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Gulf Arab states are likely to see shrinking fiscal surpluses over the next two years as government spending stays high while oil output and crude prices are expected to ease, a Reuters poll showed Tuesday.Saudi Arabia's budget surplus, which the International Monetary Fund estimates was 8.3 percent last year, is expected to shrink to 4.9 percent of gross domestic product this year and 3.7 percent in 2015 .A previous survey conducted in January forecast the Saudi fiscal surplus at 5.0 percent of GDP in 2014 and 3.5 percent in 2015 .Oman's budget surplus should also shrink this year, to 1.7 percent of GDP, with the economy set to break even next year, the poll showed – a much more bearish forecast than the 2.9 percent and 2.1 percent of GDP surplus seen in January.Small Qatar should keep outperforming the other five GCC states with 6.1 percent growth in 2014 and 6.0 percent in 2015, as it pumps billions of dollars into construction ahead of the 2022 World Cup.
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