IMF Says Saudi Deficit Below 10% in 2017

The transcript discusses Saudi Arabia's fiscal situation following an IMF warning about potential financial asset exhaustion. It highlights the country's efforts to adjust its fiscal policies, the challenges of maintaining economic growth, and the need for private sector stimulation. Despite progress, Saudi Arabia faces a high deficit and economic growth that may not suffice for job creation, especially with a bloated public sector and reliance on government spending.

What was the IMF's initial warning about Saudi Arabia's financial situation?

• Saudi Arabia would become the world's largest economy.

• Saudi Arabia could exhaust its financial assets within five years.

• Saudi Arabia would have a budget surplus for the next decade.

• Saudi Arabia would need to increase its oil production.

What is one of the main factors that could affect Saudi Arabia's ability to balance its budget by 2020?

• The amount of gold reserves.

• The number of tourists visiting the country.

• The price of oil.

• The level of foreign investment.

What is the projected economic growth rate for Saudi Arabia in the medium term according to the IMF?

• Between 4% and 4.5%

• Between 3% and 3.5%

• Between 1% and 1.5%

• Between 2% and 2.5%

What is a significant challenge for Saudi Arabia's private sector?

• High taxation rates.

• Dependence on government spending.

• Excessive foreign competition.

• Lack of government support.

What is a key question regarding Saudi Arabia's economic plans?

• How to increase oil production.

• How to stimulate the private sector.

• How to expand the public sector.

• How to reduce foreign debt.