Saudi Arabia posts record $98 billion deficit in 2015: ministry | GulfNews.com

Saudi Arabia posts record $98 billion deficit in 2015: ministry | GulfNews.com:

"Saudi Arabia posted a record $98 billion budget deficit in 2015 due to the sharp fall in oil prices, the finance ministry said on Monday.

Revenues were estimated at 608 billion riyals ($162 billion), well below projections and 2014 income, while spending came in at 975 billion riyals ($260 billion), ministry officials announced at a press conference in Riyadh."



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