CLEAN : IMF says fiscal reform moving Gulf in right direction

The video discusses the economic impact on the GCC's oil and non-oil sectors, highlighting a growth in the non-oil sector. It details Saudi Arabia's fiscal adjustments over recent years, which have reduced expenditure and are expected to lower the deficit to under 2% in the coming years. The video emphasizes the need for continued fiscal adjustments and structural reforms to diversify the economy, reduce oil dependency, and create jobs.

What was the growth rate of the non-oil sector in the GCC in 2017?

• 3%

• 2.5%

• 1.9%

• 4%

What fiscal strategy did the Saudi government employ over the last two years?

• Increased taxes

• Reduced oil production

• Strong fiscal adjustment

• Increased expenditure

What is the expected deficit level for Saudi Arabia if they continue their current fiscal path?

• Less than 1%

• Less than 2%

• Less than 3%

• Less than 4%

Why are additional reforms needed in Saudi Arabia?

• To increase government spending

• To diversify the economy

• To reduce taxes

• To increase oil production

What is one of the goals of the structural reforms in Saudi Arabia?

• To increase oil dependency

• To create additional jobs

• To reduce non-oil sector growth

• To increase oil market volatility