Middle East Economic Survey
BUDGETS AND REVENUES
Saudi Budget Surplus To Pay Down Public Debt, Says Finance Minister
The budget surplus which Saudi Arabia expects to realize this year will be used to pay down the countrys estimated SR660bn ($176bn) debt, Finance Minister Ibrahim al-'Assaf has said. The Cabinet and the Supreme Economic Council have agreed to use the budget surplus this year to repay some of the public debt, he said. But he added that it...