what is saudi debt market
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The total Saudi gross public debt stood at SAR 443.3bn by the end of 2017, and has been. raised to SAR 483.7bn during 1Q2018. Accordingly, total public debt is expected to rise to at least SAR 570bn by the end of 2018 representing almost 21% of GDP; in-line with the government target for 2018.
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Saudi Arabia surprised investors by staying away from foreign capital markets in the second half of last year, opting to cover almost all of its budget deficit via domestic borrowing. The kingdom's total outstanding debt stands at almost $228 billion.
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