VOL. XXXVI

NO. 17

25-JANUARY-1993

Financial and Banking News

BUDGETS AND REVENUES

Saudi Wheat and Barley Subsidies Will Exceed $1.6bn in 1993, Paper Says

State subsidies to Saudi Arabia's wheat and barley farmers will cost morethan SR6bn ($1.6bn) in 1993, according to a report in the Saudi daily Okaz on17 January. The newspaper said that farmers would be offered two Saudi riyalsper kilo of wheat and one riyal per kilo of barley. This would price thecommodities at twice prevailing world levels. The...