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2018-05-08 10:45:00

SAUDIS DEFICIT $9.15 BLN

SAUDIS DEFICIT $9.15 BLN

REUTERS - Saudi Arabia's first quarter budget deficit stood at 34.3 billion Saudi riyals ($9.15 billion), around 18 percent of the total gap forecast for 2018, the finance ministry said on Monday.

The kingdom - which is making concerted efforts to diversify its oil-reliant economy - has projected a deficit of 195 billion riyals, or 7.3 percent of gross domestic product (GDP), this year, down from 230 billion last year.

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Tags: SAUDI, ARABIA, BUDGET
Chronicle:
SAUDIS DEFICIT $9.15 BLN
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