SITUATION REPORT

Saudi Arabia: Falling Revenue Widens Budget Deficit in Second Quarter

Jul 31, 2019 | 16:48 GMT

Saudi Arabia's oil revenue dropped by 5 percent year over year in the second quarter, resulting in a 33.5 billion-rial ($8.9 billion) budget deficit for the period, compared with a 7.4 billion-rial gap in the second quarter of 2018, Bloomberg reported July 30....

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