Saudi Arabia announced spending of 1.02 trillion riyals for 2020, setting a higher year-on-year deficit as it expects lower revenue due to oil production cuts. AFP
Saudi Arabia announced spending of 1.02 trillion riyals for 2020, setting a higher year-on-year deficit as it expects lower revenue due to oil production cuts. AFP

Energy

Saudi Arabia to "restudy" energy pricing policy, says new industry minister

Energy subsidies have cost the Saudi economy billions of dollars annually in lost revenue

Jennifer Gnana
Jennifer Gnana

December 10, 2019