Clip #
5724

Saudi Deputy Economics Minister Al-Tuwaijri: Without Bold Reforms, We Would Have Gone Bankrupt in Three to Four Years

October 19, 2016

Saudi Deputy Economics Minister Al-Tuwaijri: Without Bold Reforms, We Would Have Gone Bankrupt in Three to Four Years

Duration:
01:35
Source:
MBC TV (Saudi Arabia)
Show Details

Intro:

Interviewed on MBC TV on October 19, Saudi Deputy Minister of Economy and Planning Dr. Mohammad Al-Tuwaijri said that given Saudi Arabia's dwindling reserves and the instability in the oil market, "bankruptcy would have been inevitable" if it had not implemented "bold reforms." Host: "If the state had not taken the current measures, would we have faced the threat of bankruptcy?" Al-Tuwaijri: "If we assume that oil remains at $40-$45 per barrel, and if we refrained from implementing such bold ref...

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