VOL. XLVI

No 35

01-September-2003

SAUDI ARABIA

BUDGETS AND REVENUES

Saudi Arabia To See 2003 Budget Surplus On Strong Oil Prices, Says SAMBA

The Saudi Arabian government is expected to see a large budget surplus this year and the economy is forecast to enjoy one of its best years ever, said the Saudi American Bank (SAMBA), noting that this view is based on a forecast of continued strength in the oil market. In his latest report entitled The Saudi Economy; Mid-Year 2003, SAMBAs Chief Economist, Brad...