Financial and Banking News
BUDGES AND REVENUES
Saudi reserves Run Low as Fiscal Deficit Tops $63bn over Five Years
With the recent publication of the 1407 (1987) Statistical Summary of theSaudi Arabian Monetary Agency (SAMA), the full impact of last year's ten-monthhiatus in budget planning is now emerging. The Saudi Government ran aSR62.45bn ($16.7bn) fiscal deficit during the period from 11 March 1986 and 31December 1986, according to figures published by SAILA,...