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2017-08-14 14:20:00

SAUDI'S DEFICIT DOWN

SAUDI'S DEFICIT DOWN

REUTERS - Saudi Arabia's state budget deficit shrank by a fifth from a year earlier in the second quarter of this year as revenues rose moderately and spending fell marginally, finance ministry figures showed on Sunday.

Revenues increased 6 percent from a year ago to 163.9 billion riyals ($43.7 billion); oil revenues jumped 28 percent to 101.0 billion riyals because of higher international oil prices.

Spending dropped 1.3 percent to 210.4 billion riyals in the second quarter, leaving…

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Tags: SAUDI, OIL, PRICE, FINANCE

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U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

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