VOL. XXX
NO. 13
5-JANUARY-1987
Financial and Banking News
BUDGETS AND REVENUES
Saudis Budget for $14bn Deficit
The long-delayed state budget which was published in Saudi Arabia on 31December incorporates a SR52.72bn ($14.1bn at an exchange rate of $1=SR3.75)deficit, to be financed by a drawdown of reserves. The last published budget, inMarch 1985 called for a balance between revenue and expenditure, although thiswas rapidly overtaken by events so that large state deficits and drawdowns from...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!