Saudi Arabia borrows $4B as oil price reality hits home

Wow. The Saudis once had literally more money than they could spend. I believe I once read a figure of generating something like $600 million a day from oil exports.

Saudi Arabia has borrowed $4bn from local markets in the past year, selling its first bonds for eight years as part of efforts to sustain high levels of public spending as oil prices slump.

via Saudi Arabia borrows $4B as oil price reality hits home.

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Tom Cornyn

I'm just a regular guy. I eat tires.

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