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Message
re: Saudi posts record $98 bn deficit in 2015
Posted on 12/28/15 at 2:23 pm to GoldenD
Posted on 12/28/15 at 2:23 pm to GoldenD
quote:
Yep, they still have $500-$600 billion in cash reserves, reportedl
Exactly. They can run a deficit without borrowing money and paying interest for at least another 4-5 years. They are currently doing what they wanted to do.
1
Posted on 12/28/15 at 2:29 pm to stevengtiger
quote:
Exactly. They can run a deficit without borrowing money and paying interest for at least another 4-5 years. They are currently doing what they wanted to do.
This is true but the question really is will they continue or actually how much longer are they willing to continue? 30 oil is going to hurt everyone with possible 20 not far away. It is going to be some interesting times ahead for all.
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