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Saudi $70.66bn surplus
- Saudi Arabia: Tuesday, December 19 - 2006 at 07:25
Saudi Arabia expects to record a 24% increase in its budget surplus to $70.66bn in 2006, with around a third going towards paying off debt, Reuters reported. Debt is expected to fall to $97.6bn, or 28% of GDP, by the end of the year. The 2007 budget will see spending rise by 19% to $101bn, while revenues were forecast to reach $106.7bn, according to a royal decree cited by news agencies.
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James McInerney, News EditorTuesday, December 19 - 2006 at 07:25 UAE local time (GMT+4)
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This article was updated on Wed Dec 20 2006.
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