Reports cite economic and political damages as well as chaos in Saudi Arabia as the main prices that the kingdom has paid so far for its war on the impoverished nation of Yemen, a Farsi report by ISNA said on Saturday.
Some of the financial damages inflicted on the Saudi-led coalition are as follows:
Destruction of over 1,200 units of tanks and army vehicles;
Destruction of 12 Apache helicopters, 5 F-16 and F-15 fighter jets;
Destruction of 20 spy planes;
Damages inflicted on 10 warships, frigates and vessels;
Destruction of hundreds of military bases in Najran, Jizan and Asir as well as many other headquarters in various parts of these regions;
Attacks on tens of Saudi bases, after which they have fallen to the hands of the Yemeni army and Popular Committees.
Financial Damages Inflicted on Aggressive Countries
Increasing negative impact on their economy and other financial reserves;
Waste of their main funds for supporting the Saudi-led coalition and covering its weaponry costs.
Yemen War’s Impact on Saudi Arabia’s Economy
Deficit in the country’s annual budget;
Waste of billions of dollars spent to attract new supporters and friends;
Decrease in budget reserves from $737 billion in 2014 to $437 billion in 2017;
Decrease in budget due to declining oil prices and significant budget deficit beyond 15 percent;
Increase in taxes, prices and deterioration of ordinary people’s lives;
Failure in efforts to expand revenue resources;
Increase in military budget which hit $81 million in 2015 and turned Saudi Arabia into the third country in the world after the US and China in terms of military budget;
Decrease in the average growth of Saudi Arabia which used to be the largest economy in the Arab world;
Foreign investors’ reluctance to invest in huge projects in Saudi Arabia;
Decrease in the inflow of tourists and increase in transportation and other urban fees.
Internal Chaos of Saudi Arabia
Saudi Arabia’s war on Yemen has put the Persian Gulf kingdom in a deep internal crisis with its economic and political repercussions.
The latest developments in Saudi Arabia include the dismissal of Crown Prince Muqrin bin Abdulaziz in 2015, dismissal of Crown Prince Muhammad bin Nayef in 2017, assassination of Abdul Aziz bin Fahd and arrest of 11 princes and 38 high-ranking officials over corruption.
Analysts say despite the all-out blockade on their country, the Yemenis have managed to raise their missile power targeting the capitals of aggressive states.