1. Saudi Arabia Prioritizes Investment Despite Budget Deficits

    ...rging by $34.5bn to a five-year high of $65.3bn, preliminary Ministry of Finance figures show (see table). This is more than double the originally budgeted figure of $26.9bn. Having run just one budget surplus since 2014, government debt levels have been on the rise in recent years. From just $38bn in...

    Volume: 68
    Issue: 49
    Published at Fri, 05 Dec 2025
  2. Saudi Arabia Doubles Deficit Forecast For 2025

    ...reseeable future, but strong economic growth in recent years means that as a share of GDP, the deficits are expected to be considerably less than over the 2014-2020 period. By way of comparison, this year’s forecast $65.3bn deficit is comparable with 2017’s $63.6bn figure. But while the 2017 deficit was eq...

    Volume: 68
    Issue: 40
    Published at Fri, 03 Oct 2025
  3. Algeria Facing Fiscal Vulnerabilities Despite Recovery, IMF Warns

    ...y risks that include “global trade disruptions, conflicts including in the Middle East, and related commodity price volatility,” among others.   1: ALGERIA’S OIL OUTPUT IS DOWN 300,000 B/D SINCE THE LAST BID ROUND IN 2014, WITH THE FALL ONLY PARTLY DUE TO OPEC+ OUTPUT RESTRICTIONS* (‘00...

    Volume: 68
    Issue: 39
    Published at Fri, 26 Sep 2025
  4. Gulf NOCs Tap Into World-Leading US LNG Sector

    ...amco in the race. Indeed, QatarEnergy was by far the earliest mover, having agreed in 2014 to convert its Golden Pass LNG import terminal (QatarEnergy 70%, ExxonMobil 30%) into an export terminal (MEES, 11 July 2014). More than a decade later, Qatar’s Minister of State for Energy Affairs Saad al-Ka...

    Volume: 68
    Issue: 20
    Published at Fri, 16 May 2025
  5. Saudi Budget Deficit Swells To Largest Since 2021

    ...er the same period, despite capital investments falling by $1.8bn to a two-year low of $7.4bn. These all combined to push the budget deficit up to $15.7bn, which was the highest quarterly figure since 4Q 2021’s $18.2bn. Indeed, it is the worst start to the year since 2016, at the height of the 2014...

    Volume: 68
    Issue: 19
    Published at Fri, 09 May 2025