Saudi Arabia is intensifying effort

Saudi Arabia is intensifying efforts to shrink the highest budget deficit among the world’s biggest 20 economies, aiming to cancel more than $20 billion of projects and slash ministry budgets by a quarter, people familiar with the matter said.

The government is reviewing thousands of projects valued at about 260 billion riyals ($69 billion) and may cancel a third of them, three people said, asking not to be identified as the discussions are private. The measures would impact the budget for several years, according to two of the people.

A separate plan includes merging some government ministries and eliminating others, two people said, also speaking on condition of anonymity.The world’s biggest oil exporter is taking unprecedented steps to rein in a budget shortfall that ballooned to 16 percent of gross domestic product last year, curtailing fuel and utility subsidies as well as cutting billions of dollars in spending. The International Monetary Fund expects the shortfall to drop to below 10 percent of GDP in 2017.

Kết quả (Anh) 1:

Saudi Arabia is intensifying efforts to shrink the highest budget deficit among the world's 20 biggest economies, aiming to cancel more than $ 20 billion of projects and slash ministry budgets by a quarter, people familiar with the matter said.The government is reviewing thousands of projects valued at about 260 billion riyals ($ 69 billion) and may cancel a third of them, the three people said, asking not to be identified as the discussions are private. The measures would impact the budget for several years, according to two of the people.A separate plan includes merging some government ministries and eliminating others, two people said, also speaking on condition of anonymity. The world's biggest oil exporter is taking unprecedented steps to rein in a budget shortfall that ballooned to 16 percent of gross domestic product last year, curtailing fuel and utility subsidies as well as cutting billions of dollars in spending. The International Monetary Fund expects the shortfall to drop to below 10 percent of GDP in 2025.

Kết quả (Anh) 2:

Saudi Arabia is intensifying efforts into to shrink the Highest budget deficit Among the world's biggest 20 Economies, Aiming to cancel more coal $ 20 Billion of projects and slash ministry budgets by a quarter, People familiar with the matter said.

The Government is reviewing Thousands of projects Valued at about 260 Billion riyals ($ 69 Billion) and unfortunately cancel a third of add, three People said, asking not to be Identified as the discussions are private. The Measure would impact the budget for vài years, two of the người theo.

A chia plan includes merging some and eliminating others Ministries government requirements, two people said, speaking on condition of anonymity.The cũng world's biggest oil exporter is taking unprecedented steps to rein in a budget shortfall ballooned to 16 percent có gross Domestic product of last year, curtailing fuel and utility subsidies as well as billions of dollars in spending cutting. The International Monetary Fund expects the shortfall to drop to below 10 percent of GDP in 2017.