IMF projects a higher budget deficit for Saudi Arabia in 2019
They see the kingdom posting budget deficit of 7.9% of GDP this year and that is notably higher than the 4.6% budget deficit seen in 2018. IMF notes that in order for the kingdom to balance its budget, oil must move towards $85 at least.
Well, Saudi Arabia is already trying to get it up to $80 with their lack of conviction in responding to Iran sanctions so...
