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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The International Monetary Fund is expected to decline in Saudi Arabia's financial reserves

    Rocky
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    The International Monetary Fund is expected to decline in Saudi Arabia's financial reserves Empty The International Monetary Fund is expected to decline in Saudi Arabia's financial reserves

    Post by Rocky Sun 31 Jul 2016, 4:21 am

    [size=30]The International Monetary Fund is expected to decline in Saudi Arabia's financial reserves[/size]
    31/07/2016 09:23 | Number of Views: 102
    font size: The International Monetary Fund is expected to decline in Saudi Arabia's financial reserves Font_decrease The International Monetary Fund is expected to decline in Saudi Arabia's financial reserves Font_enlarge
    The International Monetary Fund is expected to decline in Saudi Arabia's financial reserves Thumbnail.php?file=201673110508648_765419211
    Direction Press / Agencies  
    The International Monetary Fund Fund report predicted that the year 2016 witnessed another decline in net foreign to SAMA's assets, adding that the pace of decline will slow down in the medium term.
    International report predicted slowdown in the growth of real GDP Saudi Arabia to 1.2% in the current year, recovering to hit 2% in 2017 and record real GDP for Saudi Arabia 1.54% in the first quarter of this year, compared to 3.27% during the first quarter of 2015 .
    And it fell to foreign SAMA reserve assets last June by 1.9% to 2.14 trillion riyals (570.1 billion dollars), compared with 2.18 trillion riyals (581.3 billion dollars) in May / May, according to data from the Saudi Arabian Monetary Agency (US dollar = SR 3.75).
    In the same context, the Fund has predicted that the decline of public finance the budget deficit to 13% of GDP in 2016, and rising non-oil revenues, while lead rein in spending, particularly capital, to a significant reduction in expenses, with the financing of the fiscal deficit through combining withdrawal of deposits domestic and international borrowing.
    Saudi Arabia and the estimated expenditures in the 2016 budget, estimated at 840 billion riyals (224 billion dollars), less than the estimated expenditures for 2015 by 2%, amounting to ($ 229 billion).
    The IMF said that Saudi Arabia began a fundamental shift in its policies to cope with the drop in oil prices, the government began a series of reforms over the past year and recently embarked on a bold and ambitious plans to transform the Saudi economy through "see Saudi Arabia in 2030" and the national program of transformation.
    It is noteworthy that "Saudi Arabia are suffering at the moment from a sharp decline in fiscal revenues, resulting from the decline in crude oil prices than it was in 2014, to coincide with the announced budget includes a deficit of US $ 87 billion in the current fiscal year.
    But it is not limited to Saudi Agr A decrease lent oil, but Saudi lives attrition war in Yemen, where "Foreign Policy," Journal of the American military expenses estimated for Saudi Arabia in Yemen more than $ 700 billion.
     

    http://aletejahtv.org/index.php/permalink/121502.html

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