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Saudi brings down debt
- Saudi Arabia: Wednesday, August 24 - 2005 at 10:32
Saudi Arabia is moving to bring down its level of public debt, which it will reduce to under $160bn by the end of 2005, according to Finance Minister Ibrahim Al Assaf. The Kingdom had to borrow money from Saudi banks and other financial institutions to meet huge expenditures during the war to liberate Kuwait.
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James McInerney, News EditorWednesday, August 24 - 2005 at 10:32 UAE local time (GMT+4)
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