Middle East Economic Survey
VOL. LII
No 36
7-Sep-2009
SAUDI ARABIA
Saudi Government Succeeding In Shielding Domestic Market, Says NBK
The Saudi government is succeeding in mitigating the impact of the global financial crisis on the domestic market, according to NBK Senior Economist Muhammad Zaher. In a 26 August GCC Brief, Dr Zaher observes: Despite a drop in oil revenues, the Saudi government announced a 16% budget-to-budget increase in public spending for 2009, with the emphasis on investment...
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