Monday, December 28, 2015

Saudi Posts Record $98 Bn Deficit In 2015

Riyadh (AFP) – OPEC kingpin Saudi Arabia posted a record $98 billion budget deficit in 2015 due to the sharp fall in oil prices, the finance ministry said on Monday.
Revenues were estimated at 608 billion riyals ($162 billion), well below projections and 2014 income, while spending came in...
Saudi Posts Record $98 Bn Deficit In 2015

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