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What Saudi Arabia's Budget Woes Could Mean For The Region06:08

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A Saudi employee fills the tank of his car with petrol at a station on December 28 in the Red Sea city of Jeddah. Saudi Arabia said it plans to review the prices of heavily-subsidised power and fuel as part of new measures introduced in the face of low oil prices.   (Amer Hilabi/AFP/Getty Images)closemore
A Saudi employee fills the tank of his car with petrol at a station on December 28 in the Red Sea city of Jeddah. Saudi Arabia said it plans to review the prices of heavily-subsidised power and fuel as part of new measures introduced in the face of low oil prices. (Amer Hilabi/AFP/Getty Images)

Saudi Arabia's finance ministry announced this week the country's largest budget deficit in its history: $98 billion. The country's revenues have declined because of falling oil prices.

Here & Now's Robin Young asks Henri Barkey, an expert in the region, what these budget woes mean for Saudi Arabia and the rest of the Middle East.

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