VOL. XLI

No. 46

16-November-1998

SAUDI ARABIA

CGES Predicts 1998 Saudi Budget Deficit Could Reach $11.5Bn

According to the Center for Global Energy Studies (CGES seeSeptember-October edition of Global Oil Report), Saudi Arabias actual budget deficitin 1998 will exceed the planned figure of SR18bn ($4.8bn) and could reach SR43bn ($11.5bn)provided expenditures are on target. The original budgeted figure was based on projectedrevenues of SR178bn ($47.5bn) and expenditures of SR196bn ($52bn Table...