{"id":95919,"date":"2025-04-10T00:00:00","date_gmt":"2025-04-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/tariff-triggered-oil-slump-could-deepen-saudi-budget-strain\/"},"modified":"2025-04-10T00:00:00","modified_gmt":"2025-04-10T00:00:00","slug":"tariff-triggered-oil-slump-could-deepen-saudi-budget-strain","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/04\/10\/tariff-triggered-oil-slump-could-deepen-saudi-budget-strain\/","title":{"rendered":"Tariff-triggered oil slump could deepen Saudi budget strain"},"content":{"rendered":"

With a no<\/strong>sedive in oil prices, the<\/strong> international press is buzzing with the ripple effects on <\/strong>Saudi Arabia\u2019s economic agenda. <\/strong>Reuters took note of Brent crude nearing a four-year low<\/a> of around USD 64 per barrel over the past week, which is well below the USD 90 level the IMF estimates is needed to balance the Kingdom\u2019s budget with Vision 2030 spending and the 2034 FIFA World Cup.<\/p>\n

The newswire put forth pundits\u2019 reckoning of either deeper spending cuts or a rampant <\/strong>debt issuance<\/strong> as falling revenues and slashed Aramco dividends<\/a> tighten fiscal space. Chatham House associate fellow Neil Quilliam expects Vision 2030 projects to undergo reprioritization, rationalization, and workforce reductions, while Columbia University\u2019s Karen Young anticipates the Kingdom will increasingly rely on debt financing, with planned contracting awards delayed or scaled back.<\/p>\n

On the geopolitical front<\/strong>, Bloomberg<\/a> alluded to the increasing hurdles facing the Kingdom\u2019s goal of securing USD 600 bn in trade and investment with the US, as well as answering Trump\u2019s call to raise the figure to USD 1 tn further.<\/p>\n

Bloomberg reported dim prospects from Goldman Sachs<\/strong>, where the bank flagged Brent could dip below USD 40 per barrel<\/a> by late 2026 in a worst-case scenario involving a global recession and a full unwinding of Opec+ supply cuts. Goldman\u2019s base case sees Brent at USD 58 by December and USD 50 by 2026-end, still far below the Kingdom\u2019s sweet spot.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lower oil revenues could prompt deeper budget cuts, fresh debt issuance, and reprioritization of Vision 2030 projects<\/p>\n","protected":false},"author":1,"featured_media":95920,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[139,1628,27,10,2687,158,229,3800,573],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saudi-in-the-news","tag-aramco","tag-donald-trump","tag-economy","tag-enterpriseam-ksa","tag-oil","tag-opec","tag-saudi-in-the-news","tag-tariff","tag-vision-2030","wpautop","entry"],"acf":{"mongo_id":"42ac616e-1815-43ba-9bb8-1798ab0b8e24","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1011.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Tariff-triggered oil slump could deepen Saudi budget strain","related_issue":[95897],"teaser":"Lower oil revenues could prompt deeper budget cuts, fresh debt issuance, and reprioritization of Vision 2030 projects","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.b5de8114-0b1a-40cf-bbef-ef5df46d710a.mp3"},"yoast_head":"\nTariff-triggered oil slump could deepen Saudi budget strain - 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