To BREAK EVEN says the International Monetary fund.
The KINGDOM'S fiscal break-even price will drop to US$79.70 a barrel this year from US$92.90 in 2015, the IMF said in areport released on Wednesday.
In April, the IMFprojected that the Saudi break-even price would decrease by 30 percent this year, to US$66.70 a barrel from US$94.80.
The new NUMBERS, released ahead of Saudi Arabia’s first-everinternational bond sale, suggest that the government’s efforts to cut costs and diversify its economy away from petroleum are having less of an effect than the IMF forecast previously
