Financial and Banking News


Saudis Revise Budget Deficits Downward 

Upward revisions of government revenue and expenditure figures have resulted in SR9.7bn ($2.7bn) being cut from the Saudi budget deficits in FY1983/84 and FY1984/85, according to figures recently published in the Annual Report of the Saudi Arabian Monetary Agency (SAMA). For 1984/85, the revenue figure was revised up from SR166.9bn to SR171.5bn and the expenditure figure from SR212.9bn to...