Vol. XL

No. 1



Saudi Budget Sees Big Increases In Expenditure And Revenue

The Saudi budget for 1997, released on 31 December, projects significant increases in expenditure and revenue over 1996 levels, although the resulting deficit is to remain broadly consistent with the actual out-turn for 1996. The budget statement, carried in the local media, also gave preliminary macroeconomic information on the health of the Saudi economy at the end of 1996. Gross Domestic...