Saudi budget to boost spending, raise fuel prices

Written by | December 21, 2016 | 0

Saudi Arabia’s state budget for 2017, which is expected to be released on Thursday, will boost spending to support economic growth while raising domestic energy prices to ease the government’s subsidy burden, sources told Reuters.

The government is expected to announce its budget deficit fell sharply this year to 297 billion riyals ($79.2 billion), the sources, who are familiar with the budget planning, said on Wednesday.

 

 

 

 

 

Filed in: Islamic World

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