VOL. XXXIX

No. 15

8-January-1996

SAUDI ARABIA

Saudi Budget Receives Generally Favorable Response

The limited statement on the Saudi budget for 1996 is very much a continuation of the 1995 budget and is consistent with the policy, outlined in the current five-year plan, of creating a more dynamic private sector by curtailing the size and dominance of the public sector. The budget, which was issued on 1 January by the Ministry of Finance and National Economy, projects an increase in the...