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The Nexus
BUSINESSJul 8 · 12:38 UTCSEMAFORMatthew Martin

Saudi debt forecast to rise sharply

Saudi Arabia’s debt is projected to rise to 60% of GDP by 2030, according to Capital Economics, due to potential declines in oil prices. The Saudi government forecasts a lower debt level of 33% of GDP by 2028, citing investments in economic transformation projects and non-oil growth.

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Saudi ArabiaplaceCapital EconomicsorganizationSaudi governmentorganizationoil pricestopicnon-oil economytopic
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