The Saudi government announced a $ 32 billion in aid on Friday to support a pandemic-driven economy and drastically lower oil prices.
Earlier this week, the Kingdom cut its 2020 budget by almost 5%, a move many economists predict this will be the first of a series of cuts.
According to the International Monetary Fund, Saudi Arabia needs an oil price of $ 82 a barrel to balance its budget.
In fact, an increase in oil production will have a mechanical effect on GDP growth through a greater volume of production in the oil sector, and thus stimulate oil GDP growth.
Oil prices are projected to recover in the second half of 2020.