Middle East Economic Survey


No 1


Saudi Government Presses On With Record Expansionary Policy In 2010 Budget

Saudi Arabia intends in 2010 to pursue an expansionary fiscal policy for the second consecutive year in a bid to further stimulate the economy and mitigate the adverse effects of the world recession on the Kingdom. The new 2010 budget, which was unveiled on 21 December, projects a record deficit of SR70bn ($18.7bn), representing an increase of 7.7% from the...