Saud Arabian government launches new austerity measures

Market news

16 March 2016

Saud Arabian government launches new austerity measures

Reuters reported on Monday that Saud Arabian government launched new austerity measures. The government ordered to lower contract spending by at least 5% as the government faced a budget deficit due to low oil prices. The ministry of economy said that new measures aimed to "rationalize spending and increase its efficiency".

New Zealand’s seasonally adjusted current account deficit widens to NZ$1.95 billion in the fourth quarter

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