Saudi Arabia Plans More Bond Sales

The video discusses Saudi Arabia's budget deficit, highlighting reforms to improve spending efficiency and reduce the deficit. It examines the impact of oil revenue on the economy and the role of economic reforms in employment and GDP growth. The video also analyzes consumer spending and the implications of VAT on the economy.

What was one of the main goals of the reforms in Saudi Arabia?

• To reduce the number of government employees

• To enhance the efficiency of government spending

• To increase oil production

• To increase foreign investments

How did the Saudi government plan its revenue based on oil prices?

• By setting a fixed price of $100 per barrel

• By estimating revenue based on $50 per barrel

• By using a variable pricing model

• By ignoring oil prices completely

What was the employment rate in Saudi Arabia as mentioned in the transcript?

• 11.8%

• 12.23%

• 13.5%

• 10.5%

What was the expected GDP growth rate for Saudi Arabia in 2017?

• Less than 1%

• 1.6%

• 2.5%

• 3%

What was one of the reasons for the introduction of VAT in Saudi Arabia?

• To correct trade and commercial sector

• To reduce government debt

• To decrease foreign investments

• To increase oil exports

What percentage was the VAT expected to be in Saudi Arabia?

• 10%

• 12%

• 8%

• 5%

What was the intended effect of reinstating bonuses for state officials?

• To decrease government spending

• To increase oil production

• To boost consumer confidence

• To reduce inflation