Saudi Arabia projects $53 bn deficit in 2017
Saudi Arabia economy
Riyadh - Arab Today
Saudi Arabia on Thursday projected a 2017 budget deficit of $53 billion, a drop of almost half from a record shortfall reported last year after the world's top oil exporter was hit by falling crude prices.
According to a cabinet statement, next year's budget projects spending of 890 billion riyals ($237 billion) and revenues of 692 billion riyals ($184 billion).
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