Saudi projects higher 2020 budget deficit at $50b

Saudi projects higher 2020 budget deficit at $50b
Saudi projects higher 2020 budget deficit at $50b

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Aden - Yasmin Abdel Azim - Paris: Saudi Arabia on Monday said its budget deficit for next year would widen as the world's top oil exporter faces tumbling oil prices and production cuts.

The kingdom projected a budget deficit of $50 billion for 2020, up $15 billion on this year, according to an official statement read on state-run TV.

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