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Home News Finance

Saudi Arabia Tries to Plug $21B Deficit by Selling Bonds: Report

Press Room by Press Room
May 28, 2024
in Finance
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Mohammed bin Salman.
Leon Neal/Getty Images

  • Saudi Arabia is raising debt to plug holes in its finances, Bloomberg reported.
  • Riyadh has pressed ahead with big spending projects as part of an economic diversification drive.
  • It now needs to cover a $21 billion fiscal shortfall, per the outlet.

Saudi Arabia plans to raise money by selling bonds as it presses ahead with…



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