This is a Saudi Arabia news story, published by CNBC, that relates primarily to Farouk Soussa news.
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budget deficitCNBC
•World
World
79% Informative
Crashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia's 2024 budget deficit of $30.8 billion .
Saudi Arabia needs oil at more than $90 a barrel to balance its budget, the IMF estimates.
"The deficits on the fiscal side that we're likely to see in the GCC ( Gulf Cooperation Council ) countries, especially big countries like Saudi Arabia , are going to be pretty significant," Goldman Sachs' Farouk Soussa said.
VR Score
86
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91
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13
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