Saudis Risk Draining Financial Assets in 5 Years, IMF Says

Updated on
  • Estimate based on current fiscal policies amid oil's slump
  • Saudi authorities are already planning spending cuts

Saudi Assets at Risk as Spending Outpaces Oil Revenue

Saudi Arabia may run out of financial assets needed to support spending within five years if the government maintains current policies, the International Monetary Fund said, underscoring the need of measures to shore up public finances amid the drop in oil prices.

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