Financial and Banking News
BUDGETS AND REVENUES
Saudi Arabia Increases Oil Revenue Forecast for 1988
The Saudi Arabian government has increased its forecast oil revenues for thecurrent fiscal year (equivalent to the 1988 calendar year) from SR68.9bn($18.4bn) to SR73.5bn ($19.6bn), according to figures published in the SaudiArabian Monetary Agency's Annual Report 1407, which was dated March 1988 butonly published recently.
According to the revised budget figures for 1988,...
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