Middle East Economic Survey
VOL. LIV
No 41
10-Oct-2011
SAUDI ARABIA
Saudi Oil Revenues To Fully Cover Spending Pledge, Finance Minister Says
Increased oil-driven revenues are expected to cover the higher spending ordered by King 'Abd Allah earlier this year, Saudi Arabian Minister of Finance Ibrahim al-'Assaf was quoted as saying by al-Eqtisadiah on 2 October. The increase in income will cover the increase in spending, the minister said at a conference in Riyadh. Even as the global economy...
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