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...
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