Saudi Arabia's Spending Spree Meets Oil Price Reality
Saudi Arabia’s Spending Spree Meets Oil Price Reality Submitted by Julianne Geiger of OilPrice.com, Saudi Arabia’s grand Vision 2030 ambitions may be colliding with a colder fiscal reality. Fitch Ratings warned Friday that Riyadh faces rising financial risks as oil prices soften and government spending balloons, threatening the kingdom’s plans for fiscal consolidation. The numbers […]
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