Middle East Economic Survey
VOL. XLVII
No 51/52
20/27-December-2004
Saudi Arabia Pays Down Debt, Sees Sustained Financial Strength In 2005
MEES analysis of Saudi Arabias 2005 budget reveals that it is based on an oil price of $25/B. Average production for the year is estimated at around 9mn b/d, with a net inflow of revenue to the Saudi treasury of approximately $61bn for the year.
Saudi Arabias finances have seen a bumper year in 2004 as oil revenues have soared, and the government will use the...
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