NO. 2


Financial and Banking News

Budgets and Revenues

Bentsen Says King Fahd Committed To Saudi Budget Restraint

According to Treasury officials, King Fahd ibn 'Abd al-'Aziz of Saudi Arabiaon 5 October told US Treasury Secretary Lloyd Bentsen that the Saudi budgetrestraint, which started with a 20% cut in 1994, will continue next year, andthat he will push for the privatization of Saudi state-owned companies. However,the King assured Mr. Bentsen, who was on a visit to...