VOL. XXX

NO. 15

19-JANUARY-1987

SAUDI ARABIA

Budget Highlights Reduced Dependence on Oil Says Nazer

The Saudi Oil Minister, Mr. Hisham Nazer, has pointed out that the decreasein oil revenues and increase in non-oil revenues in the recently announced 1987Saudi budget (MEES, 5 January) is a positive trend indicating the success of theKingdom's development program, and that the reduced dependence on one source ofrevenue "makes us more confident of the future."

Speaking on Saudi TV on 8 January, Mr....