VOL. XLVI

No 51/52

22/29-December-2003

BUDGETS AND REVENUES

SAUDI ARABIA

Saudi Arabia Forecasts $8Bn Budget Deficit For 2004, Realizes $12Bn Surplus In 2003

The Saudi Minister of Culture and Information Fuad 'Abd al-Salim announced on 15 December that the cabinet had approved the general government budget for 2004 (1424-25H) with revenues projected at SR200bn ($53.3bn), expenditure set at SR230bn ($61.3bn), and a resultant deficit of SR30bn ($8bn). The Secretary General of the Cabinet 'Abd al-'Aziz...