Saudi Arabia triples VAT to support coronavirus-hit economy
The announcement came after state spending outstripped income, pushing the kingdom into a $9bn budget deficit in the first three months of the year.
At the same time Saudi Arabia's central bank saw its foreign reserves fall in March at their fastest rate in at least two decades and to their lowest level since 2011.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The right cannot resist a culture war against the 'liberal elite', even now | Nick CohenThe highest rates of Covid-19 casualties are in countries run by know-nothing populists
Read more »
Coronavirus map of the US: latest cases state by stateThere are now more than 1.3m confirmed cases of Covid-19 across the United States
Read more »
The government’s daily coronavirus briefings ‘not trustworthy communication of statistics’, says leading scientistProfessor Sir David Spiegelhalter describes Covid-19 statistics as ‘number theatre’
Read more »
Stay alert: Boris Johnson's new message to the nationFrom Stay Home to Stay Alert – this is the meaning of Boris Johnson's new message to the British people StayAlert
Read more »
Advice on whether to take ibuprofen if you're suffering from coronavirusThere have been rumours that taking the painkiller could make Covid-19 symptoms worse
Read more »
UK travel industry warns against 'nightmare' of two-week quarantineThe farming industry also fears the effect of the expected Covid-19 measure on its workforce
Read more »