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Saudi Arabia: Budget Deficit Drops 71%

Saudi Arabia: Budget Deficit Drops 71%

by | May 12, 2017 | Business

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...