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Finance Minister Mohammed al-Jadaan | ASHARQ AL-AWSAT English Archive 2005 -2017
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A Saudi man shows Saudi riyal banknotes at a money exchange shop, in Riyadh, Saudi Arabia, January 20, 2016. REUTERS/Faisal Al Nasser/File Photo


Saudi Arabia: Budget Deficit Drops 71%

Saudi Arabia: Budget Deficit Drops 71%

Riyadh – Saudi Finance Minister Mohammed Al-Jadaan said on Thursday that the Kingdom’s budget deficit fell by 71 percent in the first quarter of 2017, while state revenues jumped by a similar rate of 72 percent, reaching US$38.4 billion (144 billion riyals). During a...