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2018-12-24 11:45:00

SAUDIS BUDGET 2019: $295 BLN

SAUDIS BUDGET 2019: $295 BLN

MEOG - Saudi Arabia's Council of Ministers approved its 2019 budget, the largest in the Kingdom's history. It has planned to spend $295bn in the coming year, and estimates revenue at $260bn. Deficit is therefore estimated at $35bn, down 32% from the expected deficit for 2018, $52bn. Actual deficit in 2018 sat at $36.2bn.

"This year's budget continues to improve the efficiency of public fiscal management, and promote economic stability and financial sustainability," Crown Prince Mohammed bin Salman said,…

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Tags: OMV, ADNOC, ENI, WINTERSHALL, GAS, UAE
Chronicle:
SAUDIS BUDGET 2019: $295 BLN
2019, May, 22, 10:35:00
CANADA'S GDP GROWTH 1.5%
Real GDP growth is projected to decline to 1.5 percent in 2019, partly reflecting a disappointing first quarter and more subdued global growth.
SAUDIS BUDGET 2019: $295 BLN
2019, May, 22, 10:30:00
INDONESIA'S GDP GROWTH 5.2%
Real GDP growth reached 5.2 percent in 2018, and is expected to remain at 5.2 percent in 2019, driven by robust domestic demand growth and supported by recovering bank credit.
SAUDIS BUDGET 2019: $295 BLN
2019, May, 22, 10:25:00
RUSSIA,RWANDA NUCLEAR
On the May 16, 2019, in Moscow, the roadmap for establishing Russian-Rwanda cooperation in the peaceful uses of atomic energy was signed.
SAUDIS BUDGET 2019: $295 BLN
2019, May, 21, 15:55:00
OIL PRICE: ABOVE $72 ANEW
Brent crude futures, the international benchmark for oil prices, were at $72.31 per barrel at 1030 GMT, up 34 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 42 cents, or 0.7 percent, at $63.52 per barrel.
SAUDIS BUDGET 2019: $295 BLN
2019, May, 21, 15:45:00
BALANCED OIL MARKET
Following its 14th Meeting, which took place on 19 May 2019, in Jeddah, the Kingdom of Saudi Arabia, the Joint Ministerial Monitoring Committee (JMMC) has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals.
SAUDIS BUDGET 2019: $295 BLN
2019, May, 21, 15:40:00
OPEC+ WILL STAY
"We want to bring inventories down to a more normal levels," Falih said. "We need to stay the course and do that in the weeks and months to come."
SAUDIS BUDGET 2019: $295 BLN
2019, May, 21, 15:35:00
OPEC+ RUSSIA COOPERATION
Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end, from easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets.
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