SAUDI ARABIA: Deficit projections widen in pre-budget statement

GULF COUNTRIES - Report 01 Oct 2024 by Justin Alexander

The Ministry of Finance has revised up its projection for expenditure this year, driven by social benefits and goods & services, and in turn sees the deficit widening to -2.9% of GDP. It also sees wider deficits in subsequent years, averaging -2.7% of GDP in 2025-27.

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