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This R&D provides resources on Saudi Arabia’s economy. The International Monetary Fund (IMF) recently issued a report that suggests that the kingdom may run out of financial assets in less than five years. This is largely due to the slumping global oil price, which means that Saudi Arabia is running a double digit budget deficit this year. The same is projected for next year. The IMF is recommending that Saudi Arabia enact significant spending cuts in order to keep the deficits under control.
An economy solely dependent on oil means the falling price is wrecking Saudi Arabia’s budget https://t.co/6O8YHeXl88 pic.twitter.com/siETKFD0DQ
— The Economist (@EconMEastAfrica) October 22, 2015
Saudi Arabia’s economy isn’t teetering on collapse; in fact, it’s healthier than it has been in decades. https://t.co/tGc190CRnb
— Foreign Policy (@ForeignPolicy) October 20, 2015
Financial literacy in #Saudi Arabia needs an upgrade: https://t.co/zR7uNEsEEj pic.twitter.com/dJXiMnnb4X
— Al Arabiya English (@AlArabiya_Eng) October 21, 2015