UPDATE 2-Saudi Arabia to boost borrowing as oil glut weighs on virus-hit economy
Saudi Arabia could borrow
around $26 billion more this year and will draw down up to $32
billion from its reserves to finance a government deficit caused
by lower oil prices and the coronavirus crisis, the Saudi
finance minister said.
around $26 billion more this year and will draw down up to $32
billion from its reserves to finance a government deficit caused
by lower oil prices and the coronavirus crisis, the Saudi
finance minister said.
Posted by Reuters
