World

Saudi Arabia Budget Deficit Widens Amid Oil Sales Drop

Updated 2026-05-06 10:45 UTC 1 source Negative

Saudi Arabia reported a $33.5 billion budget deficit, exacerbated by the effective closure of the Strait of Hormuz and declining oil sales.

Coverage timeline — 2 articles

Al Jazeera

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Al Jazeera

Kingdom announces sharp rise in budget shortfall amid the effective closure of the Strait of Hormuz.

2026-05-06 10:17 UTC