saudi projects budget deficit for fifth year running
Thursday 22 May 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Saudi projects budget deficit for fifth year running

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleSaudi projects budget deficit for fifth year running

Saudi Arabia
Riyadh - Muslimchronicle

Saudi Arabia said Tuesday it expected to post a budget deficit for the fifth year in the row in 2018, forecasting a shortfall of $52 billion due to low oil prices.

Revenues are predicted to be 783 billion riyals ($208.8 billion) and spending is expected to be 978 billion riyals ($260.8 billion), the highest in the oil-rich kingdom's history, according to official statements carried by Saudi TV.

 

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saudi projects budget deficit for fifth year running saudi projects budget deficit for fifth year running

 



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