Middle East Economic Survey


No 51/52


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...