Saudi Arabia Plans Spending Cuts in 2021 as Economy Recovers

The video discusses Saudi Arabia's efforts in distributing COVID-19 vaccines, emphasizing free access for all, including expats and illegal immigrants. It highlights the country's economic priorities, focusing on Vision 2030, financial technology, and stimulating small and medium enterprises. The fiscal policy is described as expansionary, with significant investments planned through the Public Investment Fund and National Development Fund. The video also addresses debt management and the impact of global economic recovery on Saudi Aramco.

What is the Saudi government's plan for distributing the COVID-19 vaccine?

• Sell it to private healthcare providers

• Distribute only to Saudi nationals

• Provide it free of charge to everyone, including illegal immigrants

• Charge a fee for all residents

What is one of the top priorities for Saudi Arabia's spending in the new year?

• Stimulating the economy and supporting small and medium enterprises

• Increasing military expenditure

• Building new infrastructure

• Reducing taxes

Which sector is Saudi Arabia focusing on to create more jobs?

• Agriculture

• Industrial sector

• Tourism

• Real estate

How does Saudi Arabia plan to stimulate its economy?

• By cutting down on healthcare spending

• By increasing taxes

• Through the National Development Fund and public investment

• By reducing public investment

What is the role of the National Development Fund in Saudi Arabia's economic strategy?

• To reduce government debt

• To finance private sector investments

• To increase taxes

• To fund international projects

What is the Saudi government's stance on its current debt levels?

• They are comfortable with the current levels due to past fiscal reforms

• They are unaware of the current debt levels

• They are extremely concerned and plan to cut spending

• They plan to increase debt significantly

What is the expected impact of global economic recovery on Saudi Aramco?

• Aramco will face financial losses

• Positive impact as the world recovers and oil demand increases

• No impact as Aramco operates independently

• Negative impact due to reduced oil demand