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By BBC, Dec 29, 2015
The country's main stock index fell 3% in the opening 15 minutes of trade with petrochemical firms worst hit.
Saudi Basic Industries, the biggest petrochemical producer, tumbled 8.3% while Saudi Kayan lost 4.8%.
Saudi Arabia's budget deficit soared to $98bn (£65.7bn) this year on the back of falling crude prices.
In the first budget under King Salman, the kingdom said revenues reached 608bn riyals (£108.7bn; $162bn), down 15% on official expectations.
Spending for the year hit 975bn riyals, some 13% more than forecast.
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