VOL. XLI

No. 01

5-January-1998

SAUDI ARABIA

Saudi Budget Sees Income And Expenditure Fall Against 1997 Out-turn

Saudi Arabia's budget for 1998, published on 29 December, foresees 8% increases in bothspending and income over the previous year - although both levels are set to fall againstthe actual out-turn achieved in 1997. Analysts and bankers contacted by MEES wereambivalent in their response to the statement. On the one hand, there is some disquietthat the Kingdom may well not reach its...