Report
Saudi Arabia raises its projected 2026 budget deficit
Bloomberg reports that Saudi Arabia is increasing spending to mitigate the fallout from the ongoing regional war and advance its economic diversification.
TLDR
Bloomberg reports that Saudi Arabia raised its projected budget deficit for 2026 as it increases spending to mitigate the fallout from the ongoing regional war and advance economic diversification. The outlet says wartime spending is offsetting a spike in oil prices.
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