March 29, 2024, 04:39:05 AM
collapse

Author Topic: Saudi Arabia could be bankrupt by 2020 – IMF  (Read 1239 times)

Offline MyselF GhainT

  • Moderator
  • Sarpanch/Sarpanchni
  • *
  • Like
  • -Given: 387
  • -Receive: 548
  • Posts: 3722
  • Tohar: 552
  • Gender: Male
  • I work same as karma.
    • View Profile
  • Love Status: Forever Single / Sdabahaar Charha
Saudi Arabia could be bankrupt by 2020 – IMF
« on: November 09, 2015, 08:35:28 AM »
The Middle East’s biggest economy, Saudi Arabia may run out of financial assets within the next five years if the government maintains its current policies, warns the International Monetary Fund.
Saudi Arabia is expected to run a budget deficit of 21.6 percent in 2015 and 19.4 percent in 2016, according the IMF’s latest regional economic outlook.

The country needs to adjust spending, the IMF urged.

The IMF outlined two key factors shaping the region’s outlook. They are spreading and deepening regional conflicts and slumping oil prices.

The conflicts have given rise to large numbers of displaced people and refugees, on a scale not seen since the early 1990s, according to the report.

“Achieving fiscal sustainability over the medium-term will be especially challenging given the need to create jobs for the more than 10 million people anticipated to be looking for work by 2020 in the region’s oil exporting countries,” IMF Middle East and Central Asia Department Director Masood Ahmed told journalists after the report’s unveiling in Dubai.

According to the research, many experts suggest low oil prices will remain in place for the foreseeable future.



https://www.rt.com/business/319465-saudi-bankrupt-projection-imf/

Database Error

Please try again. If you come back to this error screen, report the error to an administrator.

* Who's Online

  • Dot Guests: 555
  • Dot Hidden: 0
  • Dot Users: 0

There aren't any users online.

* Recent Posts

your MOOD now by EvIL_DhoCThoR
[March 26, 2024, 05:58:11 AM]


~~say 1 truth abt the person above ya~~ by Gujjar NO1
[March 21, 2024, 11:04:24 AM]


Hello Old Friends/Friendaynaz by Gujjar NO1
[March 14, 2024, 03:42:51 AM]


This Site Need Fix/Update by Gujjar NO1
[March 13, 2024, 11:48:37 AM]


Test, just a test by Gujjar NO1
[March 11, 2024, 12:32:30 PM]


Best DP of the Week by Gujjar NO1
[February 27, 2024, 12:50:58 PM]


Good morning (first word ki keha) by Gujjar NO1
[February 27, 2024, 01:10:20 AM]


Throw something at the user above u by Gujjar NO1
[February 26, 2024, 01:13:56 PM]


PJ te kinnu dekhan nu jii karda tuhada ??? by Gujjar NO1
[February 15, 2024, 10:48:50 AM]


Just two line shayari ... by Gujjar NO1
[February 15, 2024, 10:46:34 AM]


which pj member do u miss ryt now? by ❀¢ιм Gяєωʌℓ ❀
[August 30, 2023, 03:26:27 AM]


Hello Old Friends/Friendayna by ☬🅰🅳🅼🅸🅽☬
[July 07, 2023, 08:01:42 AM]


Request Video Of The Day by mundaxrisky
[May 23, 2023, 05:23:51 PM]


ਚਿੱਟਾ ਤੇ ਕਾਲ਼ਾ ਆਊਡੀਓਬੂਕ by ਰੂਪ ਢਿੱਲੋਂ
[March 30, 2023, 07:50:56 PM]


@pump_upp - best crypto pumps on telegram ! by J.y.o.T
[February 05, 2023, 01:53:09 PM]


What is the first thing you do, when you wake up in the morning? by Cutter
[January 12, 2023, 08:23:23 AM]


Verifpro.net - paypal, ebay, banks, crypto, docs and more! by J.y.o.T
[January 11, 2023, 02:59:45 PM]


Chita Te Kala Novel Latest Review by ਰੂਪ ਢਿੱਲੋਂ
[September 14, 2022, 07:03:31 PM]


Book Review by ਰੂਪ ਢਿੱਲੋਂ
[May 19, 2022, 05:25:18 PM]


Books, Novels & Stories by ਰੂਪ ਢਿੱਲੋਂ
[May 19, 2022, 05:20:16 PM]


New Book Release: Chita Te Kala Novel by ਰੂਪ ਢਿੱਲੋਂ
[May 19, 2022, 05:06:16 PM]


What Is the Best Compliment You've Ever Received? by mundaxrisky
[October 15, 2018, 07:24:41 PM]


Last textmessage that u received by mundaxrisky
[October 15, 2018, 07:12:26 PM]


name one thing you can't live without ? by mundaxrisky
[October 15, 2018, 07:09:02 PM]


ONE thing you wish you could do RIGHT NOW... by mundaxrisky
[October 15, 2018, 07:03:57 PM]