Saudi Arabia Boosts 2018 Spending to $293 Billion

The video discusses Saudi Arabia's economic outlook for 2018, highlighting government measures for expansion, including restored allowances and improved non-oil revenue. It covers non-fiscal measures like VAT and women driving, and the balance between reforms and growth. The potential for future economic adjustments, such as changes in subsidies and budget planning, is also explored.

What was one of the key indicators that 2018 would be a year of economic expansion in Saudi Arabia?

• Restoration of allowances

• Introduction of new taxes

• Reduction in government spending

• Decrease in oil prices

How might the introduction of VAT affect the Saudi economy?

• It may negatively affect consumers

• It will have no impact

• It will eliminate the need for subsidies

• It will increase consumer spending

What is a potential risk mentioned regarding the economic reforms in early 2018?

• Increase in oil dependency

• Complete reversal of reforms

• Another recalibration of policies

• Immediate economic growth

What is the purpose of introducing citizens accounts in Saudi Arabia?

• To eliminate VAT

• To increase government revenue

• To support disposable incomes

• To reduce oil production

How are the changes in subsidies expected to affect the private sector?

• Reduction in foreign investments

• Increase in energy costs

• Boost in private sector confidence

• Decrease in market competition