Middle East Economic Survey

VOL. XLVII

No 37

13-September-2004

SAUDI ARABIA

BUDGETS AND REVENUES

Crown Prince 'Abd Allah Pledges Debt Reduction, Development Spending

Saudi Arabias Crown Prince 'Abd Allah has confirmed that the government will use excess oil revenues generated in 2004 to pay down the kingdoms public debt, following similar comments last week by Finance Minister, Ibrahim al-'Assaf (MEES, 6 September). In an interview with the Saudi news agency SPA, Crown Prince 'Abd Allah said that...