Saudi Arabia Tackles Budget Deficit

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.

In what ways does the text suggest that the Saudi economy has been inefficient?

What vision does the deputy Crown Prince have for the future of Saudi Arabia?