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Saudi Arabia: The budget deficit more than doubles to 84 billion riyals in the third quarter. The quarterly deficit increased by about 145% from the previous quarter due to the escalation of the economic burden related to the war. The Yemeni activity disrupted commercial activity and led to the cancellation of major events, adding to the economic pressure. Saudi Arabia intends to continue borrowing from the public and private markets to finance the deficit.

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Middle East Observer · · Source

🇸🇦 Saudi Arabia · Map

Saudi Arabia: The budget deficit more than doubles to 84 billion riyals in the third quarter. The quarterly deficit increased by about 145% from the previous quarter due to the escalation of the economic burden related to the war. The Yemeni activity disrupted commercial activity and led to the cancellation of major events, adding to the economic pressure. Saudi Arabia intends to continue borrowing from the public and private markets to finance the deficit.

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