Saudi Arabia's Budget Deficit: Oil Price Squeeze

Saudi Arabia's finances are feeling the pinch as oil prices slump to $69 a barrel, creating a growing budget deficit. Oil revenues plummeted 21% earlier this year, hitting a four-year low. Despite this, Saudi Arabia is strategically tapping into the debt market with new Islamic bonds, attracting strong investor interest to avoid dipping into its reserves. Hosted on Acast. See acast.com/privacy for more information.