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Fitch says Saudi Arabia's 2027 pre-budget statement flags Iran war fiscal pressures
Ratings agency Fitch said Saudi Arabia’s 2027 pre-budget statement highlighted the fiscal pressures from the US-Iran war, with the government projecting higher spending and wider budget deficits. Saudi Arabia projected a fiscal deficit of 4.9% of GDP in 2026, above the target set in its 2026 budget but below the 2025 deficit of 5.8%, Fitch said on Monday. Saudi Arabia unexpectedly cuts November oil prices to Asia to 6-year lows
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