Saudi deficit this year is 'manageable' says foreign minister

October 31, 2015 10:13 AM

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Saudi deficit this year is 'manageable' says foreign minister

MANAMA Saudi Arabia's financial deficit this year is manageable despite the low oil prices, and the kingdom's economic growth rate and financial health will stay strong, Foreign Minister Adel al-Jubeir said at a security conference in Bahrain on Saturday.

"The deficits that the kingdom will be running this year are manageable," he told reporters.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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