Saudi Arabia announced its budget and other financial data for 2018, which demonstrates the government’s great optimism for its economic diversification and expansion plans.
The financial information released today provides a vision for the ongoing economic transformation of the Middle East and hints about where oil prices and energy equities are headed.
The projected 2018 deficit is expected to be 15 percent less than the year before. The 2018 budget will go towards Saudi Arabia's Vision 2030 plan to diversify its economy and reduce Riyadh's dependency on oil.
The real question and the real reason that Saudi financial projections should interest outsiders is: Where does the Saudi Arabia see this huge revenue growth to balance the growing budget in 2023 coming from?
