Saudi Arabia Posts Biggest Deficit Since 2018 On Hormuz Closure

Saudi Arabia Posts Biggest Deficit Since 2018 On Hormuz Closure



Saudi Arabia Posts Biggest Deficit Since 2018 On Hormuz Closure
Saudi Arabia’s fiscal deficit widened in the first quarter to the highest level since 2018 as the closure of the Strait of Hormuz forced it to reduce oil exports and spending on projects to diversify the economy continued to rise.


www.bloomberg.com
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