Saudi Arabia exports about 7 million barrels of oil per day and those revenues make up around 90 percent of the kingdom’s fiscal income. It also makes about 40 percent of the country’s overall GDP .... https://www.rt.com/business
Monday, December 28, 2015
Saudi Arabia reports record high $98bn budget deficit on low crude prices
Saudia Arabia’s budget deficit swelled considerably in 2015, as plummeting oil prices have taken their toll on the kingdom’s revenues. Riyadh estimated the next year’s deficit at $87 billion, which will make the third consecutive budget shortage.
Saudi Arabia exports about 7 million barrels of oil per day and those revenues make up around 90 percent of the kingdom’s fiscal income. It also makes about 40 percent of the country’s overall GDP .... https://www.rt.com/business
Saudi Arabia exports about 7 million barrels of oil per day and those revenues make up around 90 percent of the kingdom’s fiscal income. It also makes about 40 percent of the country’s overall GDP .... https://www.rt.com/business
