VOL. XXXIV

NO. 14

7-JANUARY-1991

Saudi Arabia

Additional Saudi Expenditure on Gulf Crisis Estimated at Double Extra OilIncome

The delay in the announcement of the Saudi budget for 1991 comes as littlesurprise, given the uncertainty which over- hangs Saudi financial forecastingdue to the Gulf crisis.

Meanwhile, according to reliable data gathered by MEES, it is clear that -contrary to allegations of Saudi profiteering from the Gulf crisis made byvarious US congressmen such as Rep. Richard Gephardt...