NO. 14


Financial and Banking News

Budgets & Revenues

Saudi Arabia Postpones 1991 Budget, Due to Gulf Uncertainty

Saudi Arabia saidon 31 December that it was delaying the announcement of its budget for 1991since the uncertain outcome of the Gulf crisis had rendered impossible therealistic projection of this year's oil revenues and internal expenditures. TheKingdom usually announces its budget promptly on the first day of each new year.A statement carried by the...