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Thursday, December 25, 2014
Saudi Arabia adopted a budget based on $ 80 per barrel – a REGNUM
The Saudi Arabian authorities have published a draft budget for 2015, to impose the rate of the price of oil at $ 80 a barrel, Bloomberg reported with reference to the former government adviser on the economy of the country John Sfakianiksa.
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Sfakianiks noted that experts expected the state budget whose revenues in 2014 by 89% consisted of “oil money”, on the basis of $ 60 per barrel. In addition, the budget was adopted with a record deficit of $ 38.6 billion: government spending set at $ 229.3 billion, revenues are projected at $ 190.7 billion.
Recall January futures price for Brent Brent in London on Friday was $ 60.50 and the futures price for WTI crude oil in New York – $ 56,12.
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