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Saudi Arabia: The budget deficit more than doubles in the third quarter to 84 billion riyals. The deficit jumped 145% from the previous season, following the increase in military spending and economic pressures from the war. Military operations in Yemen have disrupted commercial activity and forced the cancellation of major economic events, adding a heavy economic burden. The government intends to continue borrowing from the local and international financial markets to finance the deficit.

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Middle East Observer · · Source

🇾🇪 Yemen · Map

Saudi Arabia: The budget deficit more than doubles in the third quarter to 84 billion riyals. The deficit jumped 145% from the previous season, following the increase in military spending and economic pressures from the war. Military operations in Yemen have disrupted commercial activity and forced the cancellation of major economic events, adding a heavy economic burden. The government intends to continue borrowing from the local and international financial markets to finance the deficit.

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