Saudi May Cancel $20B of Government Projects

Saudi May Cancel $20B of Government Projects

Assessment

Interactive Video

Business, Architecture

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses a $20 billion cost-cutting plan aimed at reducing the budget deficit, which was 16% of GDP last year, with a target to balance it by 2020. The plan includes reviewing projects worth $70 billion and potentially cutting ministry spending by a quarter. However, these measures may negatively impact economic growth, with a median expectation of 1.5% growth this year, the slowest in a decade. The private sector, reliant on government spending, could suffer, and without alternative economic drivers, the situation may worsen.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the target year for balancing the budget deficit mentioned in the video?

2020

2025

2018

2022

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is crucial for achieving budget balance according to the video?

Foreign investments

Higher taxes

Oil price recovery

Increased government spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected economic growth rate for the year discussed in the video?

0.5%

1.5%

2.5%

3.0%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might further spending cuts impact the private sector according to the video?

Hurt contractors

Boost economic growth

Increase government revenue

Reduce oil dependency

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential downside of the government's spending cuts as mentioned in the video?

Reduced public services

Higher unemployment

Increased inflation

Lack of alternative economic drivers