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Saudi posts record $98 bn deficit in 2015
Posted on 12/28/15 at 1:34 pm
Posted on 12/28/15 at 1:34 pm
quote:
Revenues were estimated at 608 billion riyals ($162 billion), well below projections and 2014 income, while spending came in at 975 billion riyals ($260 billion), ministry officials announced at a press conference in Riyadh.
quote:
The budget deficit is the highest in the history of Saudi Arabia, the world's largest oil exporter, but was not as big as some expected.The International Monetary Fund had projected the 2015 deficit to be around $130 billion and other reports also put it above $100 billion.
LINK
While oil is down to $37
This post was edited on 12/28/15 at 1:36 pm
16
Posted on 12/28/15 at 1:35 pm to Dire Wolf
What you want me to do?
Posted on 12/28/15 at 1:36 pm to Dire Wolf
ALL THAT MONEY................. 
Posted on 12/28/15 at 1:37 pm to Dire Wolf
It's strange too b/c Saudi is moving forward on almost all of their mega-projects. We do significant work there.
Posted on 12/28/15 at 1:37 pm to Dire Wolf
Good. It's hurting them more than it is us.
Posted on 12/28/15 at 1:38 pm to Dire Wolf
I wonder if they will continue to give oil away?
Posted on 12/28/15 at 1:38 pm to Dire Wolf
I can think of at least two boards this thread would be better suited for
Three, if you remember most Arabs are ghey and like soccer
Three, if you remember most Arabs are ghey and like soccer
Posted on 12/28/15 at 1:39 pm to Dire Wolf
I guess they could get some little Saudi kid on TV and have Sarah McLachlan singing and the dumb arse liberals could send them some money.
Posted on 12/28/15 at 1:40 pm to Dire Wolf
It's funny you should post this. Over Christmas my cousin who is in the industry told me the Saudis were running out of money.
Posted on 12/28/15 at 2:03 pm to Dire Wolf
Now they'll have to postpone funding the next 9/11.
Posted on 12/28/15 at 2:23 pm to Dire Wolf
How does this compare to the US deficit?
Posted on 12/28/15 at 2:33 pm to Dire Wolf
That really isn't bad at all. The debt per capita is only a few thousand while in the U.S., it's around $58,000 per person.
Posted on 12/28/15 at 2:44 pm to Dire Wolf
(no message)
This post was edited on 12/28/15 at 2:51 pm
Posted on 12/28/15 at 2:51 pm to Dire Wolf
quote:
Saudi posts record $98 bn deficit in 2015
That's probably their defense budget for 2015. They spent $80 billion last year which was a 17% increase over 2013. And you know where all that money is going.
Posted on 12/28/15 at 3:17 pm to Dire Wolf
They should drive a Prius.
Posted on 12/28/15 at 3:52 pm to Dire Wolf
The Saudi's are the fricking worse group of people in the world, and we worry about Iran.
Posted on 12/28/15 at 4:40 pm to Dire Wolf
I am sure Obama has paid them more than their deficit to try and kill or O & G industry.
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