Saturday, 2 May 2020

#Saudi finance minister: Coronavirus economic impact will be felt from second quarter - Reuters

Saudi finance minister: Coronavirus economic impact will be felt from second quarter - Reuters:

The impact of the new coronavirus on Saudi Arabia’s state finances will appear from the second quarter of the year, the finance minister said on Saturday, adding that Saudi finances needed still more discipline to face the challenges.

Mohammed al-Jadaan also told Al Arabiya TV that the government is studying making big spending cuts amid other measures needed to face the crisis.

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