How to Tackle Subsidies in the GCC?

This Article was Published in Arab Times, Gulf News, Akhbar Al Khaleej, Al Qabas, Zawya Subsidies are easy to roll in but difficult to roll back. The vexed issue of tackling subsidies comes to the fore in difficult times and hence this topic assumes importance in a low oil price situation. According to IMF estimates, GCC countries will spend roughly USD 60 billion on energy subsidies in 2015. While subsidies are offered under various categories, the major one is always energy subsidies. Very high amounts of energy subsidies in the GCC have led to wasteful consumption, which is reflected in the high per capita burden of these subsidies. This issue is a topic of importance not only to the GCC,

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