Price Fluctuations Not An Issue For Saudi Arabia's Budget

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About: iShares Trust - iShares MSCI Saudi Arabia ETF (KSA)
by: Faisal Faeq
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Summary

Although Brent is below $60, the 2019 budget came with a lower deficit and largest public spending.

The massive budget was put forward although oil prices were below half the price levels of 2011-2014.

The 2019 budget solidifies the goal of Saudi Vision 2030 for effective development of fiscal sustainability policies.

Despite the challenges, it is clear that measures and financial reforms implemented in the past two years are beginning to bear fruit.

Oil prices and their likely fluctuation have been an issue for Saudi Arabia as it plans its budget each year.

The 2017 budget was the first to be announced, following the launch of Saudi Vision