Saudis Forecast $51 Oil In 2017 Rising To $65 By 2019; Will Spend 20% Of Total Budget On Military
December 25, 2016 at 08:58 AM EST
While the Saudis believe the country's budget deficit will fall modestly next year, it is still set to be a painful 8% of GDP suggesting the Saudi cash burn will continue even with some generous oil price assumptions.