Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi announces record $228 bn budget for 2014 TV     Join our daily free Newsletter

MENAFN - AFP - 23/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) #SaudiArabia announced on Monday a record budget of 228 billion for 2014, slightly up from 218.7 billion budgeted for this year, Al-Ekhbariyah state news channel reported.

The world's largest oil exporter also expected to conclude this year with a budget surplus of 206 billion riyals (54.9 billion, 40 billion euros), after budgeting for a surplus of around 613 million.

Revenues in 2013 are expected to reach 1.131 trillion riyals compared with an expenditure of 925 billion riyals.

The kingdom had budgeted for revenues of 221 billion in 2013, and an expenditure of 218.7 billion.

In 2014, it is expecting a balanced budget of 855 billion riyals, the state tlevision said.

Oil contributes the bulk of revenues for Saudi Arabia, which pumps 9.7 million barrels per day of oil, and has a capacity to produce more than 12 million bpd.

The International Monetary Fund expects the Arab world's largest economy to grow by 3.6 percent and 4.4 percent in 2013 and 2014 respectively, after expanding by 5.1 percent last year.

Saudi Arabia has been using part of its large windfalls of oil revenues to repay its public debt, which has dropped to 75.1 billion riyals, or 2.7 percent of its gross domestic product, according to Al-Ekhbariyah.

 
 


AFP




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help