Middle East Economic Survey
VOL. LIII
No 49
6-Dec-2010
SAUDI ARABIA
BSF Says Saudi State Expenditure Increasing Breakeven Oil Price
High government spending in Saudi Arabia is expected to continue over the next few years, though it will decline slightly as a result of still limited private sector activity, Banque Saudi Fransi (BSF) said in a new report. The bank anticipates expenditure of SR590bn ($157bn) in the budget for 2011 which, while a 9.3% increase from this years SR540bn ($144bn),...
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