Saudi Arabia to boost 2023 spend, post narrow surplus ...Qatar

Gulf Times - News
Saudi Arabia to boost 2023 spend, post narrow surplus
Saudi Arabia has announced a spending boost that will sharply narrow next year’s budget surplus as it looks to tackle the impact of inflation and use its oil windfall to accelerate the development of economic diversification projects. The kingdom’s Finance Ministry said in a preliminary budget statement on Friday that it expects a surplus of 9bn ($2.4bn) next year, or 0.2% of gross domestic product - smaller than an earlier estimate of 27bn riyals. Spending is projected at 1.11tn riyals with revenue of 1.12tn riyals, the ministry said. The economy is forecast to grow 3.1%. The world’s top oil exporter has emerged from the pandemic with a fast-improving balance sheet thanks to a rebound in c

Hence then, the article about saudi arabia to boost 2023 spend post narrow surplus was published today ( ) and is available on Gulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Saudi Arabia to boost 2023 spend, post narrow surplus )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News