image description
image description
Tell A Friend

FinancialNews


  • 15-12-22

    Moody’s: KSA on path to regain from debt burden

    (MENAFN) Saudi Arabia seems to be prepared to reverse the majority of the 2020 surge in its debt weight within the upcoming couple of years whereas also upgrading its economic buffers, a report issued by worldwide rating agency Moody’s pointed out.

    The company’s estimates were according to their valuation of the nation’s advancing track history of economic policy efficiency, along with the power of institutions as well as administration in the Kingdom.

    This is revealed by the strong efficiency of the nation’s financial and macroeconomic policies.

    Saudi public debt issuance rose by almost 50 percent two years ago to SR163 billion (USD43.4 billion) in line with the Capital Market Authority.

    Saudi Arabia's policy replies to the two time spans of low and high oil values, the report stated, demonstrates a commitment to economic consolidation as well as longer-term financial sustainability.

    The report talked about the surge in the Saudi economy by 10.2 percent in the January-September period of this year, triggered by the regain of oil output and faster expansion in the non-oil field.

    MENAFN15122022000045014228ID1105311658

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved