VOL. XXXIX

No. 3

16-October-1995

SAUDI ARABIA

Saudi Deficits Fall In First Half Of 1995

Saudi Arabia ran a budget deficit of 2% of GDP in the first six months of the year, according to the Governor of the Saudi Arabian Monetary Agency (SAMA), Mr. Hamad al-Sayyari. At the end of a statement to the Interim Committee of the International Monetary Fund delivered in Washington on 8 October, Mr. Sayyari said that the Kingdom has also cut its current account deficit from the equivalent of 8% of...