Saudi Arabia’s twin budget and current account deficits have widened on the back of low oil export receipts and this trend is likely to continue over the coming quarters. While the adjustment to low oil prices will not be as harsh as in 2014-16, the government will need to follow through on its pledge of fiscal consolidation in the 2026 Budget or risk a further large rise in the public debt-to-GDP debt ratio.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services