Saudi Arabia Announces Fiscal Deficit of $135 Billion

Yesterday, Saudi Arabia announced that 2015 would produce a budget deficit amounting to $135 billion (367 billion riyals). A royal decree, effective on Tuesday, will increase petrol prices by 50%. This will only bring gasoline to 33 cents (0.90 riyals) … Continue reading →

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https://www.armstrongeconomics.com/wp-content/uploads/2020/06/1987-Larry.mp4 COMMENT: It is baffling why you are not on the front page of the WSJ, Barons, London FT, NY Times, and every financial newspaper claiming to be interested [...]

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Saudi Arabia Announces Fiscal Deficit of $135 Billion

Latest Posts

Retail Sales Falling in the US – a Softer Tone

Revelations – Are We In The End Days? 1,000-Year Cycle

NYC Mayor Proposes Solution for Lifeguard Shortage

The Dow Hits First Target 40,000 – What’s Next?

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