VOL. XXXV
NO. 27
6-APRIL-1992
Financial and Banking News
Budgets & Revenues
Saudi Price Cuts Will Add $1.3bn to Government Deficit
The package of price cuts ordered last month by King Fahd ibn `Abd al-`Azizof Saudi Arabia will cost the Saudi treasury SR5bn ($1.3bn) per year, accordingto Dr. Salih ibn `Abd al-`Aziz al-`Umair, Saudi Deputy Minister of Finance andNational Economy. At the micro level, the Saudi Ministry of Agriculture andWater estimates that the reduction in the water rates will...
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