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...
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