The kingdom will need a breakeven crude oil price of $74 per barrel to generate the funds required to meet its widening expenditure next year, Jadwa Investment said Tuesday.
The government announced on Monday yet another expansionary budget with spending marked at SR690 billion, and revenues reaching SR702 billion.
But Jadwa, a respected Riyadh-based investment firm, said in a report that it expects expenditure to again overshoot the budget, reaching SR733 billion.
No comments:
Post a Comment