Saudi fiscal budget to exceed USD61 b in 2013

20 Dec 2013

(MENAFN) Welfare projects in Saudi Arabia are expected to boost the fiscal budget, according to experts, Arab News reported.

Economists say the budget surplus is expected to reach more than USD61Ù«25 billion this year.

Ihsan Buhulaiga, a former Shoura member, said: “I believe the government would continue its policy of increased spending to carry out mega projects. This will not only strengthen the private sector but also generate jobs for Saudis.”

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