The number one crude oil exporter, Saudi Arabia, has projected a $39 billion deficit in 2015. The impact of lower oil prices, along with the decision not to cut production, is putting pressure on the country’s finances.
READ MORE: Saudi Arabia confident oil prices will rise, won’t cut output
The figure was part of the endorsed 2015 budget, which was made public in a statement read out on state-run television on Thursday.
The estimated trade deficit will be Saudi Arabia’s largest on record.
Read the full story at: www.rt.com / link to original article
Lucas 2012 Infos 