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Saudi budget proposes record $295bn spend next yearSaudi Arabia is set to increase state spending by more than 7 per cent in 2019 to SR1.106 trillion ($295 billion) next year, up from an actual SR1.03 trillion this year, reported Arab News, citing a finance ministry document. The More… |
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Saudi ministry seeks return of unspent moneySaudi Arabia's finance ministry, seeking to cut waste as state revenues shrink because of low oil prices, is telling government bodies to return unspent money which they were allocated in this year's budget, sources familiar with the pol More… |
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Saudi budget squeeze may be several years awayPressure on Saudi Arabia's state finances is mounting as oil prices fall but the latest official figures suggest the world's top crude exporter still has at least several years before it faces a budget crunch. Brent oil sa More… |
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Saudi 2015 budget based on oil price around $60Saudi Arabia's 2015 state budget assumes an oil price close to current levels of around $60 a barrel for Brent crude, a shift from past budgets which were based on prices well below market levels, analysts say. The kingdom doe More… |
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Saudi budget ‘unaffected by oil price drops’Recent oil price slumps and the unrest in some of the regional oil producing nations will not directly impact Saudi Arabia’s current budget even though they might have a bearing on the kingdom’s oil revenues, a report said. More… |
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Saudi to spend $18.3bn on healthcareThe Saudi Government has allocated SR68.7 billion ($18.3 billion) for healthcare service and social development for 2011, up 12 per cent from last year’s figure, said an expert citing official data. The budget will cover the cons More… |
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Saudi plans to spend $154 billion in 2011Saudi Arabia plans to spend SR580 billion ($154.7 billion) in 2011 and expects a deficit of 40 billion riyals, the finance ministry said in a statement on Monday. The largest Arab economy and top Opec exporter said the 2011 budge More… |
