- Saudi Arabia Plans to Increase Budget Spending by 7% on Year to $295 Billion in 2019
Market news
19 December 2018
Saudi Arabia Plans to Increase Budget Spending by 7% on Year to $295 Billion in 2019
The government's budget expenditure will rise next year to 1.106 trillion riyals ($295 billion), up more than 7% from about 1.03 trillion riyals in 2018, the country's news agency reported the Saudi ministry of finance as saying on Tuesday. Revenue will increase 9% to 975 billion riyals in 2019, the government said.
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