Middle East Economic Survey

VOL. XLIX

No 52

25-Dec-2006

Record $101Bn Saudi Budget For 2007 Maintains Focus On Education, Infrastructure

MEES analysis of Saudi Arabia’s 2007 budget reveals that it is based on an oil price of $37/B. Average production for the year is estimated at around 8.62mn b/d, with a net inflow of revenue to the Saudi treasury of around $91bn for the year.

The Saudi budget for 2007 and the preliminary closed accounts for 2006, announced on 18 December,...