Record Saudi Earnings Boost 2013 Budget Expenditure
By Basim Itayim and Melanie Lovatt
The Saudi government has announced yet another record budget for 2013, prompted by bumper earnings realized last year. The 2013 budget is again expansionary underlying the government’s intention to continue with its large spending program in the aftermath of the Arab spring.
Endorsed by the Council of Ministers on 29 December 2012, the 2013 budget...