Saudi Arabia Said to Delay Contractor Payments as Oil Slumps
- Government said not to pay some bills for more than 6 months
- Country also said to seek to renegotiate contractors' pricing
Saudi Arabia Said to Delay Contractor Payments
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Saudi Arabia is delaying payments to government contractors as the slump in oil prices pushes the country into a deficit for the first time since 2009, according to three people with knowledge of the matter.