Oct 30

S&P Downgrades Saudi Arabia On Slumping Crude, Ballooning Fiscal Deficit:

“We expect the Kingdom of Saudi Arabia’s general government fiscal deficit will increase to 16% of GDP in 2015, from 1.5% in 2014, primarily reflecting the sharp drop in oil prices. Hydrocarbons account for about 80% of Saudi Arabia’s fiscal revenues.”

Tags: , , , , , ,

Leave a Reply