VOL. XXXI

NO. 19

15-FEBRUARY-1988

Financial and Banking News

BUDGETS AND REVENUES

Saudi Official Gives Details of Projected Issue of Government Bonds

The Undersecretary of the Saudi Ministry of Finance and National Economy,Dr. Salih al'Umair, has recently disclosed to the press some details of thegovernment's decision to issue up to SR30bn ($8bn) worth of SR-denominated bondsin order to finance the Saudi budget deficit. Dr. 'Umair's remarks on the newdebt instruments have been eagerly awaited in...