The current MENA Economic Monitor report expects Saudi Arabia to show solid real GDP growth, even as inflation moderates slightly. The country is expected to maintain a fiscal budget deficit in 2016 and 2017, partly because of the expected continued low price of oil, and partly as it works to help the economy move away from oil as its only basis, through the National Transformation Program (NTP) 2020, undertaken to drive the institutional capacity and capabilities needed to achieve Saudi Arabia’s Vision 2030.
Publisher: Whispering Bell
Pages: 14
The current MENA Economic Monitor report expects Saudi Arabia to show solid real GDP growth, even as inflation moderates slightly. The country is expected to maintain a fiscal budget deficit in 2016 and 2017, partly because of the expected continued low price of oil, and partly as it works to help the economy move away from oil as its only basis, through the National Transformation Program (NTP) 2020, undertaken to drive the institutional capacity and capabilities needed to achieve Saudi Arabia’s Vision 2030.
