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Debt levels could increase to as much as 50% of GDP in five years
Last week, the Saudi Arabian government was rumored to be creating a division specializing in monitoring government spending. Today, the Financial Times reports that OPEC’s chief producer will invest in international bond markets for the first time in its history. A senior official said the finalization will likely begin in January 2016, and debt levels could increase to as much as 50% of the country’s gross domestic product within five years – a significant jump from its curren...


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