Saudi Arabia asked state agencies to prepare for sharp budget cuts -sources
Saudi Arabia has asked
state agencies to submit proposals for cuts of at least 20% to
their budgets in a fresh austerity drive to cope with a sharp
drop in oil prices, four sources familiar with the matter said.
state agencies to submit proposals for cuts of at least 20% to
their budgets in a fresh austerity drive to cope with a sharp
drop in oil prices, four sources familiar with the matter said.
Posted by Reuters
