AFP – Saudi Arabia posted a record SR367 billion ($98 billion) budget deficit in 2015 due to the sharp fall in oil prices, the finance ministry said.

Revenues were estimated at SR608 billion ($162 billion), below projections and 2014 income, while spending came in at SR975 billion ($260 billion), ministry officials announced at a press conference in Riyadh.


Please enter your comment!
Please enter your name here