VOL. XLV

No 21

27-May-2002

SAUDI ARABIA

The Saudi Arabian Budget Deficit Is There A Role For AnOil Stabilization Fund?

In an article in theSaudi daily al-Riyadh on 7 May,Professor Ahmad ibn Salihal-Salim of KingSa'udUniversitylooked at the problem of Saudi Arabias continuing budgetdeficit and discussed the potential for establishing an oil stabilization fund(OSF) in the Kingdom to help tackle such problems in the future. Since 1983, Saudi Arabia has been running anannual budget deficit which...