Against the back drop of the fall in oil prices, Saudi Arabia, the island nation of Bahrain, and Oman in the Arabian Peninsula may run out of financial assets needed to support spending within five years, despite measures being considered by oil exporting nations says the International Monetary Fund (IMF) on Wednesday, October 21st.
While Kuwait, Qatar and the United Arab Emirates have relatively more financial assets to support them for more over 20 years.
Saudi authorities are reportedly planning on measures to curtail spending, the oil rich nation strongly believes that the kingdom’s economy, is strong enough to weather the plunge in crude prices.
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