Middle East Economic Survey
VOL. LII
No 43
26-Oct-2009
Saudi 2009 Budget Surplus On The Cards, BSF Says
Saudi Arabia is likely to see a small budget surplus in 2009, compared to a government-projected SR65bn ($17.33bn) deficit, due to a successful public spending scheme and higher-than-expected oil prices, says a new report from Banque Saudi Fransi (BSF). The start of a five-year stimulatory state spending program saw government expenditures reach SR579bn ($154.4bn) in 2009, surpassing targets by...
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