Saudi Arabia Releases 2017 Budget
Interactive Video
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Business, Architecture
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University
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Practice Problem
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Hard
Wayground Content
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The video discusses Saudi Arabia's commitment to reducing its budget deficit, highlighting a lower-than-expected deficit for 2016 and projections for a surplus by 2019. The reduction is driven by decreased spending, though future spending is expected to rise, with revenue growth from both oil and non-oil sectors. The reliance on oil prices is significant, with predictions of a price increase to $66 per barrel. Despite a decline in oil revenue proportion, it remains a major revenue source. The video also covers austerity measures, delayed contractor payments, and expected benefits for sectors like retail and construction due to increased spending.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the predictions for oil prices and their impact on the budget?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Which sectors are expected to benefit from the new budget plan?
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