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Following the accession of King Salman in 2015, the Saudi executive was renewed in depth with the appointment of Prince Mohammed Ben Nayef to Security and Crown Prince Salman ben Abdelaziz Al Saoud to Economic Affairs and Defence.
The latter began a vast programme of economic transformation, which should lead the country towards more diversification and limit the Kingdom's dependency on oil.
The country completed an initial bond issue of billion in October 2016 and it is likely to continue to call on external financing.
The policy of budgetary austerity initiated in 2016 has however resulted in a reduction of expenditure.apps Apps Books & Reference Business Comics Communication Education Entertainment Finance Health & Fitness Libraries & Demo Lifestyle Media & Video Medical Music & Audio News & Magazines Personalization Photography Productivity Shopping Social Tools Transportation Travel & Local Weather Word Looking for a romantic date or trying to findlove partner for the rest of your life and get married?Maybe youjust want to meet new people or in the mood for some friendlyonline communication, but are shy to talk to strangers?The agreement reached in Vienna between the various members of OPEC should favour a gradual rebalancing of the oil market, pushing prices slightly upward, which will relieve pressures on the government's finances.The policy of austerity initiated in 2016 is likely to be replaced with more support on the part of the public sector for the non-oil sector.