Monday, 31 January 2022 (YJC)_ Following Al-Saud's shaky policies, domestic and foreign debts pose a serious challenge to Saudi Arabia, which poses a serious threat to its future.
Many experts and observers believe that the policies of the Al-Saud regime will lead Saudi Arabia to the abyss of destruction; This is because the country is facing unprecedented debts, which will create more serious crises in the not-too-distant future.
"Saudi Leaks" wrote in a report:
Saudi officials have revealed that they will maintain their debt, which reached $ 250 billion in 2022, as oil export revenues continue to decline, and have suggested that Saudi Arabia's public debt remain at 938 billion rials for 2022.
Data from the Saudi National Debt Management Center show that Saudi Arabia should focus on refinancing debt worth 43 billion rials ($ 11.46 billion) this year.
Riyadh is facing big problems with wasted money on celebrations and entertainment.
Debt financing occurs when a borrower (in this case Saudi Arabia) applies for a loan with a higher payment terms than the previous loan.
Saudi's debts increased significantly. Observers attributed this to declining oil export revenues and huge government spending.
The Saudi government may consider domestic or foreign borrowing, including offering bonds in financial markets or other alternatives to government financing, Bloomberg News reported.
Real data show that the Saudi government is filling the challenges and crises of this country with ideas that are wasting the country's wealth.
The Saudi government's expectations for the overall 2022 budget show that more taxes will be imposed on citizens in Saudi Arabia, and these figures are just propaganda for the policies of Saudi Crown Prince Mohammed bin Salman.
Al-Saud regime circles promoted the achievement of the 2022 budget surplus, and the official media praised bin Salman's approach, despite incorrect information and unrealistic figures.
Statistics from government agencies show that Saudi Arabia has been suffering from a budget deficit for seven years, which was dependent on the economic policies of the Al-Saud regime. The announcement of the 2030 vision and unrealistic figures by the Saudi Crown Prince has also faced Saudi Arabia with many economic challenges.
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