Saudi Targets Higher Spending to Bolster Economic Growth

The video discusses Saudi Arabia's economic challenges, focusing on government spending, unemployment, and growth projections. Despite plans to increase liquidity and create jobs, the private sector's growth remains insufficient. The government aims to channel oil revenues into the economy, but non-oil GDP growth is still low. The discussion highlights the need for strategic revenue utilization to boost job creation and economic growth.

What is the primary goal of the Saudi government's increased spending according to the first section?

• To reduce oil dependency

• To improve education

• To create jobs

• To increase exports

What was the expected economic growth rate for Saudi Arabia in 2018?

• 2%

• 3%

• 4%

• 1%

According to the second section, what growth rate is needed in the non-oil sector to accommodate new job market entries?

• 4-5%

• 3-4%

• 2-3%

• 1-2%

What is a key challenge mentioned in the third section regarding the use of additional oil revenues?

• Channeling revenue into the economy

• Increasing exports

• Reducing taxes

• Improving infrastructure

What is the growth rate of non-oil GDP mentioned in the third section?

• 2.5%

• 3.1%

• 1.6%

• 4.0%