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Wednesday, December 30, 2015

What Saudi Arabia’s Budget Woes Could Mean For The Region

A Saudi employee fills the tank of his car with petrol at a station on December 28 in the Red Sea city of Jeddah. Saudi Arabia said it plans to review the prices of heavily-subsidised power and fuel as part of new measures introduced in the face of low oil prices. (Amer Hilabi/AFP/Getty Images)

A Saudi employee fills the tank of his car with petrol at a station on December 28 in the Red Sea city of Jeddah. Saudi Arabia said it plans to review the prices of heavily-subsidised power and fuel as part of new measures introduced in the face of low oil prices. (Amer Hilabi/AFP/Getty Images)

Saudi Arabia’s finance ministry announced this week the country’s largest budget deficit in its history: $98 billion. The country’s revenues have declined because of falling oil prices.

Here & Now’s Robin Young asks Henri Barkey, an expert in the region, what these budget woes mean for Saudi Arabia and the rest of the Middle East.

Guest


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Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

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