VOL. XXXVI

NO. 15

11-JANUARY-1993

Financial and Banking News

BUDGETS AND REVENUES

Saudi Budget Foresees Modest and Realistic Growth: Long Term EconomicImbalances Remain

The Saudi budget for 1993 projects spending of SR196,950mn ($52,520mn), a 9%increase over the previous year. Revenue is set at SR169,150mn ($45,107mn), anincrease of 12%. The deficit of SR27,800mn ($7,413mn) is in line with thoserecorded in recent years - a little less than that projected in 1992, and alittle more than those for...