Saudi economic reform will be gradual
After an initial round of subsidy cuts, the government is preparing further fiscal tightening
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In this article
- Budgets in the red
- Private sector impact
- Strong financial buffers
- Large foreign assets
- Low public debt
- Large foreign exchange reserves
- Modest reforms
- Budget disclosure
- Lower spending
- Subsidy reduction
- Taxation
- Sale of state assets
- Aramco
- Political risks
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_350.jpg "Saudi King Salman bin Abdulaziz (Reuters/Faisal Al Nasser)")