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...
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