Middle East Economic Survey
VOL. LIII
No 1
4-Jan-2010
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...
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