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The 'New' Saudi Arabia

Jim Krane | Kristian Coates Ulrichsen

The 'New' Saudi Arabia.

Leveraging a crash in oil revenue, the Saudi government has quickly imposed unprecedented changes to the way it raises cash by increasing taxes and slashing subsidies in ways Saudi citizens once considered unthinkable. Baker Institute Blog: 

This post originally appeared on the Forbes blog on May 13, 2020.