VOL. XXXIX

No. 32

5-May-1996

SAUDI ARABIA

Saudi Arabia Proceeding With Steps To Reduce Deficit, Says Minister

Saudi Arabia's Minister of Finance and National Economy, Dr. Ibrahim al-'Assaf, has told a meeting of the International Monetary Fund (IMF) in Washington that the Kingdom is continuing with a policy of spending cuts and other measures designed to reduce the country's deficit and balance the budget by the end of the 1996-2000 economic development plan. Saudi Arabia "is...