How to cope with a budget deficit

The Gulf states used to run high budget surplus' due to the high oil price. The oil price collapse has posed the question: "How should we fund the deficit"
Great post from tutor2u
http://www.tutor2u.net/economics/blog/gcc-fiscal-policy-as-the-economies-of-the-gulf-face-growing-budgets-deficit-and-trading-deficits-due-to-the-falling-price-of-oil?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2029th%20April%202016&utm_content=Economics%20daily%20digest%20Fri%2029th%20April%202016+CID_17d808b7815a5d3d29a723eae6cdc6c1&utm_source=CampMonitor&utm_term=GCC%20Fiscal%20Policy%20%20the%20Balance%20of%20Trade%20Gulf%20States%20Issue%20Bonds%20in%20their%20Plans%20to%20Raise%20Debt%20as%20the%20Price%20of%20Oil%20Falls%20Bond%20issues%20are%20in%20fashion%20in%20the%20GCC%20Gulf%20Co-operation%20Council%20region%20with%20Abu%20Dhabi%20Oman%20Saudi%20Arabia%20and%20Bahrain%20all%20planning%20debt-raising%20issues%20in%20the%20coming%20months