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Saudi Arabia said to weigh canceling $20 billion of projects

Kong Salman (t.v.) i fortrolig samtale med sin erklærede yndlingssøn og arvtager, vicekronprins Mohammed bin Salman, der er arkitekten bag de enorme ændringer af det saudiarabiske samfund, som regeringen  har godkendt de seneste måneder. Foto: AP/Hassan Ammar

Saudi Arabia is intensifying efforts to shrink the highest budget deficit among the world's biggest 20 economies, aiming to cancel more than $20 billion of projects and slash ministry budgets by a quarter, people familiar with the matter said.

The government is reviewing thousands of projects valued at about 260 billion riyals ($69 billion) and may cancel a third of them, three people said, asking not to be identified as the discussions are private. The measures would affect the budget for several years, according to two of the people...

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