The Director of the Middle East and Central Asia Department at the International Monetary Fund expected that non-oil growth in the Kingdom of Saudi Arabia would be 2.6% in the current year and 2.9% in the next year 2020 .

According to Reuters, Jihad Azour said that the Saudi budget deficit this year may reach 7.9%, which is higher than its counterpart in 2018, assuming that oil prices in 2019 will be less compared to Last year.

Azour said that the Fund's expectations for the Saudi budget deficit in 2019 are based on the assumption that oil prices will remain in the range of $ 65 a barrel this year.

He added: Based on the previous estimate of the fund team, we believe that there are prospects for an increase, for example, the growth may rise slightly from the growth in our expectations.

The Saudi economy registered a growth of 2.2% in the past year, after witnessing a contraction in 2017.

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