Saudi Arabia Tackles Budget Deficit

Saudi Arabia Tackles Budget Deficit

Assessment

Interactive Video

Business, Architecture, Social Studies

University

Hard

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The video discusses Saudi Arabia's significant budget deficit and its reliance on oil revenues. Crown Prince Mohammed bin Salman is implementing reforms to reduce waste and modernize the economy. The challenges of canceling large projects, potential social unrest, and inefficiencies in defense and infrastructure spending are highlighted. The vision for a modern Saudi Arabia includes diversifying the economy and reducing oil dependency.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason behind Saudi Arabia's large budget deficit?

Lack of foreign investments

Dependence on oil revenues

Excessive taxation

High defense spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential risk of canceling large infrastructure projects in Saudi Arabia?

Decreased foreign aid

Higher taxes

Social unrest

Increased oil prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector did Crown Prince Mohammed bin Salman first target for budget cuts?

Tourism

Healthcare

Education

Defense

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main goals of Saudi Arabia's economic reform plan?

Reduce foreign debt

Increase oil production

Diversify the economy

Modernize the military

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge does Saudi Arabia face in moving away from oil dependency?

Environmental concerns

Monarchical governance

Political instability

Lack of skilled labor