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FINANCIAL NEWS
Saudi Arabia exceeded its planned USD183.74b spending in 2012
30 Dec 2012
(MENAFN) Saudi Arabia expenditures have exceeded its original 2012 budget plan, Reuters reported, citing local media.
The state television quoted the finance ministry as saying that the Gulf Kingdom’s actual spending totaled an estimated USD227.5 billion this year, well above the USD183.74 billion originally planned.
Actual revenues this year, buoyed by high oil prices, hit USD330.2 billion compared to the original plan for USD186.93 billion, the ministry said.
The ministry also said that the government plans to spend as much as USD219 billion next year, an increase of 19 percent from this years’ budget plan.
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