Anonymous ID: 82e2b5 July 28, 2020, 8:09 a.m. No.10101418   🗄️.is 🔗kun   >>1834 >>1930

SAM129 USAF G5 on descent for London-Stansted Airport-departed Tallinn, Estonia

000000000 USAF V-22 Osprey off Norwich coast

RAF TYPH00001 Eurofighter done over Hull City and heading back to RAF Coningsby

 

VM101 US Navy G5 departed Twenty-Nine Palms sw to Camp Pendleton

Anonymous ID: 82e2b5 July 28, 2020, 8:20 a.m. No.10101557   🗄️.is 🔗kun   >>1834 >>1930

U2ABC123 Dragon Lady departing Skunkworks to the nw and climbing

VM101 US Navy G5 currently doing fly bys at Camp Pendleton from 29 Palms

PAT009 US Army C-560 about to take off from NAS North Island (Coronado)

 

ROYAL34 USAF C-130 Hercules en from Nellis AFB, LV

>>10101326

Anonymous ID: 82e2b5 July 28, 2020, 8:41 a.m. No.10101875   🗄️.is 🔗kun

Saudi Arabia posts $29 billion deficit in second quarter as oil revenues slump

Saudi Arabia posted a deficit of 109.2 billion riyals ($29.12 billion) in the second quarter this year as low oil prices hurt revenues, according to a finance ministry report on quarterly budget performance. The coronavirus crisis has hurt the non-oil sectors of the world’s largest oil exporter this year, adding to the impact of historic price lows on the economy. Oil revenues declined by 45% year-on-year in the second quarter to $25.5 billion. Total revenues dropped 49% to nearly $36 billion. Total second-quarter expenditures dropped annually by 17% to around $65 billion, the document showed. “A pullback in spending is essential for containing the deficit,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank. “The proactive stance of the government was already reflected in the austerity measures announced in April. However, these will dampen the recovery outlook,” she said.

 

Facing a deep recession this year, Saudi Arabia has introduced measures such as removing a cost-of-living allowance for state employees and tripling value-added tax to 15% to bolster state revenues. The International Monetary Fund has estimated the Saudi economy could shrink by 6.8% this year, a figure Saudi officials have said was “pessimistic”. Economists have said that tripling VAT could hold back recovery as restrictions aimed at reducing the spread of the cornavirus are lifted. Saudi Arabia, which in the first three months of the year posted a $9 billion deficit, has raised $12 billion in international markets so far this year and has borrowed 41.1 billion riyals ($10.96 billion) in the domestic market, the document showed.

 

Finance Minister Mohammed al-Jadaan said this month that the kingdom plans to tap international debt investors at least once more this year.

https://www.reuters.com/article/us-saudi-economy-budget/saudi-arabia-posts-29-billion-deficit-in-second-quarter-as-oil-revenues-slump-idUSKCN24T1ZN