Saudi Arabia’s budget deficit widened in Q1 compared with a year earlier as a raft of public sector bonuses more than offset the boost to revenues from the introduction of a new value-added tax. That said, the recent rally in oil prices means that the shortfall is still likely to narrow over this year as a whole.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services