The Bard's Lemmy
  • Communities
  • Create Post
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
@zephyreks@lemmy.mlM to World News@lemmy.ml • 2 years ago

Saudi Arabia predicts budget deficit as it funnels money into gigaprojects

www.ft.com

external-link
message-square
23
fedilink
88
external-link

Saudi Arabia predicts budget deficit as it funnels money into gigaprojects

www.ft.com

@zephyreks@lemmy.mlM to World News@lemmy.ml • 2 years ago
message-square
23
fedilink
Preliminary budget statement pares growth forecast for this year to 0.03%
alert-triangle
You must log in or register to comment.
  • @PowerCrazy@lemmy.ml
    link
    fedilink
    -2•
    edit-2
    2 years ago

    The wisdom of these gigprojects in the middle of a desert aside, it would be awesome more governments would stop trying to run themselves into the ground for profit. Because who the fuck is benefiting if a country is taking more in taxes then they are providing their citizens in services?

    • @SocialMediaRefugee@lemmy.ml
      link
      fedilink
      2•2 years ago

      KSA actually hands out money to citizens.

      https://en.wikipedia.org/wiki/Citizen's_Account_Program_(Saudi_Arabia)

    • @herr@lemmy.world
      link
      fedilink
      4•2 years ago

      Which countries are running on a profit, exactly?

      • @PowerCrazy@lemmy.ml
        link
        fedilink
        -1•2 years ago

        Well none, but the Neo-liberal rhetoric around “balancing the budget” that infests most of the governments of the west.

      • @Squizzy@lemmy.world
        link
        fedilink
        -2•2 years ago

        Loads of countries have budget surpluses.

        • @herr@lemmy.world
          link
          fedilink
          2•2 years ago

          I asked which ones. Denmark has a surplus, but that’s accidental and no one’s trying to keep it that way.

          And if you’re about to give Qatar as an example, the point is moot.

        • @SocialMediaRefugee@lemmy.ml
          link
          fedilink
          2•2 years ago

          Loads? These aren’t exactly major nations here and the bigger ones are oil producers.

          https://www.worldatlas.com/articles/countries-with-the-top-budget-surplus.html

        • Cyclohexane
          link
          fedilink
          1•
          edit-2
          2 years ago

          This doesn’t answer the question.

World News@lemmy.ml

!worldnews@lemmy.ml
Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !worldnews@lemmy.ml

News from around the world!

Rules:

  • Please only post links to actual news sources, no tabloid sites, etc

  • No NSFW content

  • No hate speech, bigotry, propaganda, etc

  • 1 user / day
  • 1 user / week
  • 1 user / month
  • 1 user / 6 months
  • 1 subscriber
  • 6.79K Posts
  • 33K Comments
  • Modlog
  • mods:
  • @Rumblestiltskin@lemmy.ml
  • @AgreeableLandscape@lemmy.ml
  • Jack.
  • @zephyreks@lemmy.ml
  • @OurToothbrush@lemmy.ml
  • BE: 0.18.2
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org