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Saudi Arabia prepares for austerity
Tuesday, January 5, 2016 14:55
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The budget deficit of Saudi Arabia (in a ratio to GDP) is equal to the budget deficit of Greece prior to its debt crisis, it said in a research note, Deutsche Bank.
It is expected that in 2016 the country has rich oil reserves, will have a deficit of about 13% of GDP.Approximately the same level of Greece's deficit was in 2009. Experts say that the reason is the low price of oil. And not the last role in this played by Saudi Arabia. Saudi Arabia has more expenses than income, with oil at $ 37 per barrel. It is expected that next year the cost of Saudi Arabia will be $ 224 billion, the proceeds – $ 137 billion …. http://www.vestifinance.ru
Source: http://luismmx.blogspot.com/2016/01/saudi-arabia-prepares-for-austerity.html
