FILE PHOTO: Saudi Minister of Finance Mohammed al-Jadaan speaks during a media conference with Saudi Arabia's central bank governor Ahmed al-Kholifey, in Riyadh, Saudi Arabia, February 23, 2020. REUTERS/Ahmed Yosri/File Photo
“We must reduce budget expenditures sharply”, Mohammed al-Jadaan said in an interview with Al Arabiya TV, adding that the impact of the new coronavirus on Saudi Arabia’s state finances will appear from the second quarter of the year.One measure would be to slow down government projects, including mega-projects, to reduce spending, he said.
Saudi Arabia’s central bank foreign exchange reserves fell in March at their fastest rate in at least 20 years, hitting their lowest level since 2011, while the kingdom slipped to a $9 billion budget deficit in the first quarter as oil revenue collapsed.Saudi finance minister: Coronavirus economic impact will be felt from second quarter
On Saturday Jadaan told Al Arabiya Saudi Arabia had used some revenue from investments to plug the deficit, and that the crisis presented investment opportunities.
Today crude wtill oil go to $15. That's reasons. 1.Germany April manufacturing pmi 45.4 to34.5 and Euro's countries 44.5 to33.4 2. Petronas may crude on Crude oil price Factor falldown about $3.5 so $2.2/barrel 3.USA vs China oil tariff war 4. Saudi aramco's stokcs plunged -5.78%
No matter how strict measures one takes....the disease will take it's own course inevitably....
ok
GOOD LUCK
I realize he's talking about expenditures, but I can't help but think the article's headline means killing anyone suspected of being infected.
Chopping heads off?
They did not have a big problem with the coronavirus MERS there, so no doubt this coronavirus will be no different.
Yes just begging nurses, doctors from India. Behind their pack, release thousands of rumors, spread wahhabism. What a pathetic country!
Strict & painful in Saudi Arabia has a totally different meaning 😱😅 usually involves sabers
Damn! They threatening people with pilates!
기름집 아재들 수고많으심니더
If there’s one thing the Saudis know, it’s “strict, painful.”
The Virus is a LIE to opress and control people to advance globalist satanist agenda and hit the economy while pointing to its main pilar: The Spanish Crown CasaReal because the King Felipe VI refuses to became corrupt like the politics system.
🔎✍️🔍🔐🤔😩👉💰👿🔥🌍🇺🇸🔥😩
Shall we get prepared for more journalists killing ?
They may have to starve the people in Yemen again to make sure the virus goes away, nobody in the west will bat an eyelid because theres no oil there
staying on brand
They will behead everyone to prevent them from getting the corona.
Measures may include torturing the virus and dissolving it in acid.
Or to refund Trump 's losses after the oil war of MBS against Russia The royal family doesn't serve the Saudi people instead they take care of the interested of its American master.
Oh, and the house of Saud will suffer greatly
Pls,anyone has thoughtful and constructive tweet may share it with us,otherwise keep your joke to yourself.Bcoz,its not funny.
Duh, about time
Bone saw testing stations everywhere.
Tossing covid19 victims off the roof?
What isn't strict and painful for their populace?
Maybe they will give the virus to trump.
Strict is ok but painful ?
caning and whipping included
At the end we will win. 🇸🇦
Social dismembering
Like what? Making us look at this guy's face?
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