VOL. XLI
No. 46
16-November-1998
SAUDI ARABIA
Saudi Budget Deficit: Nothing Wrong With Loans Says Crown Prince 'AbdAllah
In discussing Saudi Arabias moves to stave off an excessivebudget deficit for the year 1998, Crown Prince 'Abd Allah ibn 'Abd al-'Aziz al-Sa'ud saidin an interview with the Saudi Gazette on 7 November that the Saudi Governmentwould not be averse to seeking a loan. "All countries of the world resort at times toloans in the billions. There is no shame in having a deficit and...
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