Saudi Arabia’s finance minister said the kingdom would “take stock” of its spending priorities as it grappled with a sharp drop in oil revenue and the global tumult triggered by US President Donald Trump’s tariffs.
Mohammed al-Jadaan told the Financial Times that Riyadh planned to maintain its current pace of government spending — despite widening budget and current account deficits, and rising debt — as it seeks to support ambitious development plans.
But he said Saudi Arabia would use the period of lower oil prices, as well as the uncertain global outlook, to evaluate how it managed the vast array of…
