Saudi Arabia: Balanced budget within reach
- Saudi Arabia’s 2020 fiscal budget highlights the authorities’ aim to meet their balanced budget target by 2020 in a phased manner and with lesser impact on economic growth.
- Strengthening the private sector and creating more jobs will remain key focus areas for the government in the next financial year.
- With the winding down of its role in Yemen, spending by Saudi Arabia on the military is set lower than last year, but at around 6% still ranks first globally as a percentage of GDP.
Florence Eid-Oakden, Ph.D, Chief Economist
Charlene Rahall, Senior Analyst
Leila Lajevardi, Analyst
The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.
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