Middle East Economic Survey

VOL. LIV

No 16

18-Apr-2011

SAUDI ARABIA

Saudi Social Spending Will Help To Lower Long Term Inflation

The Saudi governments major social spending unveiled in the past two months or so will have a positive impact on inflation in the medium and long term because of its effect on reducing rents, according to Saudi Minister of Finance Ibrahim al-'Assaf. Speaking to al-Arabiya television on 9 April, Mr 'Assaf conceded however that in the short run there will be...