December 2017

Saudi Arabia sets record budget in 2018

First Take Report

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Executive Summary

Saudi Arabia has announced plans to boost spending to record levels of USD 261BN in 2018 in its budget directed to pull the economy out of recession. The budget continues to support the goals of the Vision 2030, with focus on supporting economic diversification, shielding economically vulnerable households from necessary energy price reforms, and spending on key physical and social infrastructure.

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