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FINANCIAL NEWS
Saudi assets rise to USD664.9b in Jan: CB
24 Mar 2013
(MENAFN) The Saudi Central Bank stated that in January 2013, the Kingdom’s foreign assets grew by USD3.19 billion to USD664.9 billion from USD661.7 billion recorded at the end of December, reported Emirates 24/7.
The increase was attributed to the rise in oil prices that were higher by 50 percent from Saudi budgeted crude price of USD70 per barrel.
Meanwhile, on annual basis, assets increased by USD108.11 billion from around USD556.8 billion in 2012’s same period.
It is worth noting that Riyadh forecasts the country’s revenues to reach USD220.76 billion in 2013, while expenditure would be at USD218.36 billion and the surplus at USD2.39 billion.
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