Saudi Financing Needs Could Double as Oil-Price Cushion Fades — Market Talk
1114 ET - - Saudi Arabia's financing needs could more than double its prewar plan as a temporary oil-price cushion fades and the conflict weighs on second-half revenues, Citi says. The bank expects a 2.4% GDP contraction and a budget deficit of SAR395 billion ($105.3 billion), or 7.7% of GDP, this…