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The start of the countdown to the collapse of the Saudi economy
10/15/2015 0:00
said German report that the countdown to the collapse of the Saudi economy phase has begun, and that this collapse, who warned him to Western and international reports in recent months indicators have become clear.
The report, which aired on «DW» network backed by the German government: he « Despite Saudi Arabia's attempts to reassure its citizens on austerity measures anticipated, however, that the language of numbers and size of heavy government spending, long-term war in Yemen indicates that the UK economy is coming at a difficult stage ».
The network quoted economic analysts as saying: that« Saudi Arabia has resorted to cover the deficit, which hit its budget this year to withdraw more than $ 80 billion of foreign reserves, as bonds issued $ 20 billion Saudi riyals »,« Reuters »and quoted informed sources as saying that« Saudi Arabia and the Ministry of Finance instructed government agencies to re-unless you spend the earmarked for projects in budget funds This year, in a bid to rationalize spending in light of falling oil prices ».
and move the German network by saying:« Moreover, the newspaper «The Guardian» British recently published what it said was the content of a confidential letter sent by Saudi King Salman to the Minister of Finance in September , and the letter states the need to take austerity measures to reduce government spending in the last three months of the current year's budget, including the cessation of all new infrastructure projects, and to stop buying any cars or furniture or other equipment, in addition to other procedures. »
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