Saudi Arabia’s budget deficit swells to $79 billion in 2020

The kingdom plans to spend 990 billion riyals ($263.9 billion) in 2021, almost 7% lower than its estimate

Deficit: Saudi Crown Prince Mohammed bin Salman — Deficit: Saudi Crown Prince Mohammed bin SalmanFoto: AFP/SCANPIX

Nishant Ugal

New Delhi

Published 16 December 2020, 06:27Updated 16 December 2020, 16:04