SAUDI-ECONOMY-BUDGET
A picture taken on December 16, 2020 shows newly constructed towers in Ryadh, the Saudi Arabian capital and main financial hub. - Saudi Arabia yesterday projected its 2020 budget deficit will soar to around $79 billion, as the world's top crude exporter reels from low oil prices and a coronavirus-led economic downturn.
Passing its budget for 2021, the kingdom also announced it was slashing government spending in a bid to reduce the shortfall during the year ahead, as it faces an eighth consecutive annual deficit. (Photo by FAYEZ NURELDINE / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)
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1230154814
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AFP
Date created:
16 December, 2020
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AFP
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AFP
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- Crude Oil,
- Saudi Arabia,
- Economy,
- Government,
- Riyadh,
- Bid,
- Budget,
- Business Finance and Industry,
- COVID-19,
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- Forecasting,
- Geographical Locations,
- Gulf Countries,
- Home Finances,
- Infectious Disease,
- Low,
- Pandemic - Illness,
- Politics,
- Politics and Government,
- Price,
- Recession,
- Reduction,
- Showing,
- Tower,