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2015-10-08 19:25:00

SAUDI'S DEFICIT 20%

SAUDI'S DEFICIT 20%

The full extent of the impact of slumping crude prices on Saudi Arabia's public finances has been highlighted by the International Monetary Fund in a new report telling oil exporters to be braced for a prolonged period of disruption to their budgets.

The fund's half-yearly fiscal monitor report shows that in the past three years a hefty budget surplus in Saudi Arabia has been turned into a deficit of more than 20% of GDP – double the shortfalls seen in the UK and the US during the worst of the global slump of 2008-09.

Other leading oil exporters – Russia, Libya, Venezuela, Kuwait, Qatar, the United Arab Emirates,…

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Tags: SAUDI, ARABIA, OIL, PRICES
Chronicle:
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2019, May, 23, 12:35:00
OIL PRICE: ABOVE $70 YET
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2019, May, 23, 12:15:00
U.S. SANCTIONS FOR GERMANY
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2019, May, 23, 12:10:00
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SAUDI'S DEFICIT 20%
2019, May, 23, 12:05:00
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