Saudi approves another expansionary budget
Issue 939
- 24 Jan 2013
| 3 minute read
Saudi Arabia has put together another expansionary budget for 2013, with spending rising by almost 20% year on year to a record level of SR820bn ($218.6 bn). Projected revenues are up by 18% to SR829bn, leaving the government with a surplus of SR9bn – one that could certainly rise if oil prices are anywhere near the $100/bbl price that many economists expect.
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