VOL. XLV

No 6

11-February-2002

SAUDI ARABIA

SAMBAs Chief Economist Looks AtSaudi Government Finances

Giventhe structural change in the national budget of Saudi Arabia whereby thepercentage spent on current expenditures has risen to the detriment of capitalexpenditures, and cumulative deficits have grown as a result of successiveannual deficits, realistically, only the imposition of substantial newdomestic taxation and high levels of private sector growth (a tough combinationto achieve) will...