Financial and Banking News
BUDGETS AND REVENUES
King Fahd Calls for further Budget Rationalization
King Fahd of Saudi Arabia last week called on his government ministers"to double efforts and cooperation to rationalize expenditure and limit itto essentials," according to a statement released after a regular cabinetmeeting. With the end of the fiscal year due in December, government departmentsare now involved in the planning process for next year's budget as well as...