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The demand for oil prices, the growing raw provision of the fears of the global trade war and growing raw provision, the budget deficit of the Saudi Arabia warned a Goldman Sachs economist.
The bank’s worldview showed pressure in the kingdom Mammoth spending plans and financial measures.
The GCC (Gulf Cooperation Council) will be very important in the countries of the country, especially in large countries, especially in large countries, “Farouk Soussa, the Middle East and North Africa’s economy entered the Middle East on Wednesday.
The Kingdom has become a spending, changing the Saudi economy and remove income from hydrocarbons, due to a sweep campaign. A central Neom of the project is still a large number of very large settled mega-region.
Plans for Neom include estimated hyper futuristic developments, which cost $ 1.5 trillion. The Kingdom is also expensive in the world of 2034 World Cup and 2030 and angry.
Digital instructions of the Neom project project in Saudi Arabia
Line, Neom
The budget of Saudi Arabia needs more than $ 90 to balance the International Monetary Fund’s assessments. Goldman Sachs reduced oil pricing forecast in 2025 this week, a barrel of $ 69 to the previous forecast, a figure that the bank’s economists could have more than the 2024 budget of the 2024 budget.
“If oil prices are probably about $ 62 this year, we will see that the lack of $ 30 billion for about $ 30 billion this year,” Saudi Arabia said. Saussa.
“This means more debt, probably more cuts of costs, probably, it is likely to sell more of the above, and it intends to have internal financial terms and even international influence.”
At the moment, financing the level of deficit in international markets in international markets, adding to the shaking of international markets at the moment, which is likely to look at other options to overcome the Riyadh’s financing space.
The Kingdom still has a significant headroom to get borrowed; Since December 2024, the debt rate is below 30%. For comparison, the US and France’s debt rates are 124% and 110.6%, respectively. It will be difficult to lend $ 75 billion to absorb the market for Saussa.
“The GDP does not mean that Saudi can be borrowed as much as they want …” They will not be familiar with other treatment, “the capital expenditures of these tools, increase the capital expenditures, such as Saudi Aramco and Sabic. Several neom projects can be completed in the chopping block, forecasting regional economists.
Saudi Arabia, S & P has a + A-1 credit rating with a + rating with a positive outlook and a fixed outlook from Fitch. $ 410.2 billion in January, which combines with high foreign exchange reserves, According to CEIC data – puts the kingdom in a comfortable place to manage a deficit.
The Kingdom in September, S & P Global in September, S & P Global S & P Global has spread a number of reforms for increasing income streams and risky revenue flows.
“Thus, there are many options of Saudi, the mixture of all of this is very difficult before the government, but we do not look at some kind of crisis,” sauca said. “What options are a question to do to deal with the difficulties they encounter.”
Global Assessment Brent is Crude He traded at $ 63.58 per barrel on Thursday at 9:30.
