saudi posts record 98bn deficit in 2015
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Saudi posts record $98bn deficit in 2015

Egypt Today, egypt today

Egypt Today, egypt today Saudi posts record $98bn deficit in 2015

OPEC
Riyadh - Arab Today

OPEC kingpin Saudi Arabia posted a record $98 billion budget deficit in 2015 due to the sharp fall in oil prices, the finance ministry said on Monday.

Revenues were estimated at 608 billion riyals ($162 billion), well below projections and 2014 income, while spending came in at 975 billion riyals ($260 billion), ministry officials announced at a press conference in Riyadh.

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saudi posts record 98bn deficit in 2015 saudi posts record 98bn deficit in 2015



 
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