Saudi faces rising fiscal risks amid mounting spending, oil prices dip, Fitch says
NegativeFinancial Markets

Fitch Ratings has raised concerns about Saudi Arabia's increasing fiscal risks due to rising government spending and declining oil prices. This situation is significant as it could impact the country's economic stability and its ability to fund various projects. With oil being a major revenue source, any dip in prices can strain the budget, leading to potential cuts in public services or investments. Stakeholders should closely monitor these developments as they could have broader implications for the region's economy.
— Curated by the World Pulse Now AI Editorial System