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),...