Middle East Economic Survey
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...