Saudi Arabia will tax expats and hike gas prices again

0
71

Slammed by lower oil revenues, the kingdom’s budget deficit swelled to 366 billion riyals ($98 billion) in 2015, and 297 billion riyals this year. It was forced to borrow money from international investors for the first time ever, raising $17.5 billion in October. In response, the government has already slashed energy subsidies and cut wages for officials.

Saudi Arabia will tax expats and hike gas prices again

NO COMMENTS

Write Your Comments Here: