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Saudi Arabia expects the budget deficit of 2019 to reach 128 billion riyals

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Saudi Arabia expects the budget deficit of 2019 to reach 128 billion riyals

Post by RamblerNash on Sun Sep 30, 2018 1:02 pm

Saudi Arabia expects the budget deficit of 2019 to reach 128 billion riyals

Saudi Arabia's Minister of Finance

Economy News Baghdad

Saudi Arabia expects the budget deficit to reach 128 billion riyals ($ 34.1 billion) next year, compared with 195 billion riyals projected in the original budget for the current year, Finance Minister Mohammed al-Jadaan said on Sunday.

The revenue is expected to reach 978 billion riyals in 2019, up 11 percent from the projected revenue for 2018, he told a news conference before the state budget was announced in December.


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