Via Matthew Martin and Francine Lacqua in bloomberg.com : Saudi Arabia’s budget deficit is set to expand to 187 billion riyals ($50 billion) this year. The kingdom is counting on the private sector to stimulate growth as it cuts spending. The non-oil economy grew at its fastest in about five years during the third quarter of 2019, but plans to cut government expenditure this year could challenge the kingdom’s ability to sustain that pace.
