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...