International Monetary Fund forecasts that Saudi Arabia's budget surpluses will gradually decline before dropping into deficit by 2016 are a "doomsday scenario", the kingdom's Finance Minister Ibrahim Alassaf said on Saturday.
The world's top oil exporter has run large budget surpluses since 2009 but the IMF said in a report last month that falling energy prices would hurt the kingdom's fiscal position.
"They have been working on scenarios assuming, I would say, a doomsday scenario which I don't agree with. But we appreciate they are raising these issues in order to be ready," he told reporters after a meeting with IMF Managing Director Christine Lagarde in Riyadh.
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