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🧵 2. IMF predicts a fiscal deficit for Saudi in 2024, with breakeven oil price at $96.20, a 32% increase from current prices, impacting budget plans.

🧵 3. Saudi's fiscal challenges intensify with looming budgetary needs for Vision 2030 projects and major events like World Cup 2034, projecting even higher breakeven oil prices.

🧵 4. Global oil market dynamics, including increased supply from various countries and potential lower growth in oil consumption in key markets, further stress Saudi's financial outlook.

🧵 5. Nomura Asset Management forecasts Saudi's breakeven oil price, factoring in Public Investment Fund spending, to potentially reach $112 per barrel, underscoring fiscal constraints amid high government expenditures.