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re: Saudi posts record $98 bn deficit in 2015

Posted on 12/28/15 at 2:07 pm to
Posted by GoldenD
Houston
Member since Jan 2015
934 posts
Posted on 12/28/15 at 2:07 pm to
Yep, they still have $500-$600 billion in cash reserves, reportedly. They can always sell bonds to raise more money as well.
Posted by Pax Regis
Alabama
Member since Sep 2007
12990 posts
Posted on 12/28/15 at 2:20 pm to
frick them. Arabs with oil money have damn near ruined the world.
Posted by stevengtiger
Member since Jul 2013
2778 posts
Posted on 12/28/15 at 2:23 pm to
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.
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