Al Jazeera
QA · 2 hrs ago
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Saudi Arabia posts $33.5bn budget deficit amid drop in oil sales
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Accuracy 72/100
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Saudi Arabia reported a $33.5 billion budget deficit, attributed to declining oil sales following disruptions to shipping through the Strait of Hormuz. The kingdom faces significant fiscal pressure from reduced oil revenues due to the strait's effective closure.
Saudi Arabia posts $33.5bn budget deficit amid drop in oil sales
Kingdom announces sharp rise in budget shortfall amid the effective closure of the Strait of Hormuz.
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