High Saudi spending, budget surplus in 2012 – IMF
IMF estimates 2012 for Saudi Arabia will see a break-even budget in oil price at around $80 and expects fiscal and monetary policies will be used to ease inflation
December 22, 2011 3:41Register for our free newsletter
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Saudi government websites targeted
IMF estimates 2012 for Saudi Arabia will see a break-even budget in oil price at around $80 and expects fiscal and monetary policies will be used to ease inflation
December 22, 2011 3:41Oman set its 2012 draft budget with a deficit of 1.2 billion rials ($3.1 billion) and expenditures of 10 billion rials, higher than planned for 2011, a finance ministry official said on Wednesday.
November 23, 2011 10:49The UAE federal budget deficit touched 1.2 billion dirhams ($326.7 mln) end of September this year and is expected to be lower by the year end, the minister of state for financial affairs said on Sunday.
October 23, 2011 4:37"The misuse of surplus and not investing it in the right direction has led to structural imbalances in our economy and threatens the future of the country in the implementation of programmes and financial obligations," Emir Sheikh Sabah al-Ahmad al-Sabah said.
August 15, 2011 3:44