| Saudi billionaire businessman Prince Alwaleed bin Talal has again publicly criticised the kingdom’s fiscal policy after the government’s 2015 budget showed its largest ever deficit due to the slump in oil prices. "We have reached the danger point... after starting to withdraw from the reserves," Prince Alwaleed said.
Prince Alwaleed, who has called for the kingdom to create a sovereign wealth fund and warned that its reliance on oil was “wrong and dangerous”, estimated a total of $53 billion would be withdrawn from fiscal reserves during 2014 and 2015 because the government failed to contain spending.............................................Full Article: Source
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