Markets around the world are guessing where the bottom might be for the price of oil. In the latest FocusKSA discussion, John Sfakianakis says that Saudi is still a key swing producer and that the current downside to oil's price might be exaggerated.
Last week, SUSTG's President Richard Wilson sat down with John Sfakianakis for a wide-ranging interview as part of SUSTG and SUSRIS' FocusKSA discussion series. Sfakianakis discussed Saudi Arabia's 2015 budget and why the government is spending despite falling oil prices.
Saudi Arabia's 2015 fiscal spending plans amount to "another expansionary budget with spending maintained at a very high level which will play a vital role in supporting the economy," according to Jadwa Investment.
Ahead of Saudi Arabia’s budget announcement, which is expected for the end of the week after a special meeting, inflation in Saudi Arabia is approaching its lowest levels since April 2007, Asharq Alawsat reports.