Editorial: Saudi budget 2017: short-term pain, long-term gain

Arabnewsksa29 Sep, 2021News

Saudi Arabia?s 2017 budget, announced today, will include some tough decisions which neither nationals nor expats living in the Kingdom are used to nor will find easy. However, with the ongoing oil price crisis, Riyadh ? which until today still relies mostly on the energy economy ? had only one of two options: Fight or flight. Rather than burying its head in the sand, praying for solutions and exhausting its reserves, the government opted for the more difficult of the two choices: To fight.