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Tag Archives: a subsidiary of Fisch Asset Management

Saudi Arabia’s deficit ‘could hit $90bn in 2016’

Saudi Arabia’s austerity, privatization and taxation measures will not be sufficient to reduce the deficit to the desired extent, leading to the kingdom seeing a deficit of $80-$90 billion or 13 per cent of the GDP in 2016, a report said. Cost-cutting pressure and declining government investments in Saudi Arabia will also put pressure on medium-term growth, added the credit ...

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