US EditionSaudi Arabia’s debt burden ‘to rise more quickly’, says IMF
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Saudi Arabia’s debt burden ‘to rise more quickly’, says IMF
Forecast to top 44% of GDP by 2029 Previous projection was 35% Falling oil prices dent growth The International Monetary Fund has revised its forecast for Saudi Arabia’s debt burden as tumbling oil prices dent the country’s revenues. The IMF is now projecting that Saudi government gross debt will be 44.5 percent of GDP by 2029, according to the twice-yearly Fiscal Monitor released in Washington DC on Wednesday. In last October’s report, the for…
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