22 Hrs
Source:
مباشر
_1777294237270_124456903.png&w=64&q=75){kind=small}
Moody's: Saudi Arabia's 2027 recovery aids spending and debt
Moody's agency expects Saudi Arabia's financial recovery in 2027 to reflect the government's continued efforts to control spending and borrowing, along with reorienting public investments to support fiscal sustainability. The agency forecasts that total expenditures will reach approximately 1.392 trillion riyals in 2027, compared to revenues of around 1.202 trillion riyals, resulting in a deficit of about 190 billion riyals, or 3.6% of the gross domestic product. Additionally, projections indicate ongoing disruptions to maritime shipping routes until mid-2027, but rising oil prices have helped mitigate the impact of declining production and exports. The agency affirms that the government is focused on implementing economic diversification projects and ensuring fiscal sustainability despite challenges in the oil and economic sectors.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)