Saudi Arabia stress-tests its economy and stretches petro wealth


Saudi Crown Prince Mohammed bin Salman, in Jeddah, Saudi Arabia, June 7, 2023. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS /File Photo

DUBAI: Saudi Arabia faces the most precarious moment yet of its economic reinvention.

Eight years after now-Crown Prince Mohammed bin Salman unveiled Vision 2030, his blueprint for a life after oil, delays and scalebacks with the multi-trillion dollar makeover are laying bare the pressure on the kingdom’s finances.

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Saudi Arabia , debt , budget , deficit , IMF

   

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