Saudi Arabia's $33.5B Deficit: Thanks, Biden!
Kingdom's coffers take a hit because of… you know… everything.

RIYADH, Saudi Arabia – Welp, turns out printing money and relying on sunshine and rainbows for energy isn't exactly panning out. Saudi Arabia just dropped a $33.5 billion budget deficit bombshell. Why? Because they can't sell as much oil, and the Strait of Hormuz is acting up again. Shocker.
Turns out Biden's green new deal fantasies are killing off the old fashioned oil industry. So the Saudis are selling less oil to western countries. Who could have seen this coming?
The Strait of Hormuz being effectively closed? Yeah, sounds about right. Someone probably looked at it sideways and triggered a global oil crisis. Or maybe it was just another Tuesday in the Middle East. Either way, it's hitting the Saudis where it hurts: their wallets.
Vision 2030? More like Vision 20-Never. All that talk about diversifying the economy and becoming a tech hub? Good luck with a $33.5 billion hole in the budget. Sounds like they may need to sell a few more Aramco shares to pay the bills. Smart move, guys.
Meanwhile, the geniuses in charge are probably brainstorming new taxes or raiding the sovereign wealth fund to cover the shortfall. Because that's always the answer, right? Just keep kicking the can down the road until the whole thing blows up. Brilliant.
And let's not forget about the woke corporations virtue signaling about climate change while still filling their gas tanks. You can't have it both ways, snowflakes. Either embrace the hydrocarbon economy or freeze in the dark.
But hey, at least Saudi Arabia is still rich enough to buy a few more golf courses and host some more lavish events. Gotta keep up appearances, right? Because nothing says fiscal responsibility like throwing money around like confetti.
So what's the solution? Easy. Drill, baby, drill. Open up the pipelines, fire up the refineries, and tell the environmentalists to take a hike. The world needs energy, and Saudi Arabia has plenty of it. Stop apologizing and start pumping.
Oh, and maybe stop funding terrorist groups while you're at it. Just a thought.
In conclusion, Saudi Arabia's budget deficit is a symptom of a much larger problem: a global economy gone mad. But hey, at least we have avocado toast and gender-neutral bathrooms, right?
Grab your popcorn folks, because this is just getting started. The world is about to get a whole lot more interesting. And by interesting, I mean chaotic. Buckle up.
The real problem is Western weakness and stupidity. We need a strong leader to end these problems for good. Somebody willing to say what needs to be said.
Sources: * Saudi Arabian Monetary Authority (SAMA) * Ministry of Finance, Saudi Arabia * ZeroHedge * Babylon Bee


