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zephyreks@lemmy.mlM to World News@lemmy.ml · 2 years ago

Saudi Arabia predicts budget deficit as it funnels money into gigaprojects

www.ft.com

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Saudi Arabia predicts budget deficit as it funnels money into gigaprojects

www.ft.com

zephyreks@lemmy.mlM to World News@lemmy.ml · 2 years ago
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Preliminary budget statement pares growth forecast for this year to 0.03%
  • herr@lemmy.world
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    2 years ago

    Which countries are running on a profit, exactly?

    • Squizzy@lemmy.world
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      2 years ago

      Loads of countries have budget surpluses.

      • SocialMediaRefugee@lemmy.ml
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        2 years ago

        Loads? These aren’t exactly major nations here and the bigger ones are oil producers.

        https://www.worldatlas.com/articles/countries-with-the-top-budget-surplus.html

      • herr@lemmy.world
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        2 years ago

        I asked which ones. Denmark has a surplus, but that’s accidental and no one’s trying to keep it that way.

        And if you’re about to give Qatar as an example, the point is moot.

      • Cyclohexane@lemmy.ml
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        2 years ago

        This doesn’t answer the question.

    • PowerCrazy@lemmy.ml
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      2 years ago

      Well none, but the Neo-liberal rhetoric around “balancing the budget” that infests most of the governments of the west.

      • explodicle@local106.com
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        2 years ago

        What’s so bad about balancing the budget? Inflation is too high and taxes are too low.

        • ltxrtquq@lemmy.ml
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          2 years ago

          I think the problem is mostly with how neo-liberals tend to try to balance the budget

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