January 2009
Saudi Arabia
Saudi Arabia steers steady economic course
    Posted by Hasan Zulfiqar on January 07th, 2009 under category Saudi Arabia

After seven years of budget surpluses, Saudi Arabia will post a budget deficit of US$17 billion in 2009. This comes a year after the country recorded a budget surplus of US$157 billion fueled primarily by record high oil prices. The timing of the deficit is in line with worldwide expectations of higher government spending to spur growth.

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