Saudi Arabia expects 2022 budget surplus after years of deficit (Al Jazeera)

Saudi Arabia has said it expects to post its first budget surplus in nearly 10 years next year, as it plans to restrict public spending despite a surge in oil prices that helped to refill state coffers hammered by the coronavirus pandemic.

After an expected fiscal deficit of 2.7 percent of gross domestic product or GDP this year, Riyadh estimates it will achieve a surplus of 90 billion Saudi riyals ($23.99 bn), or 2.5 percent of GDP, next year – its first surplus since it went into a deficit after oil prices crashed in 2014.

Saudi Arabia expects 2022 budget surplus after years of deficit | Oil and Gas News | Al Jazeera

Marco Emanuele
Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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