Quotes: 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) Saudi Arabia 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 television 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




  MENA News Headlines
 Jun 2 2015 - HE FM Assistant Meets UN Official, Discuss Libyan DevelopmentsQatar News Agency
(MENAFN - QNA) HE Foreign Minister's Assistant for International Cooperation Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani met Tuesday with Special Representative of the UN ...

 Jun 2 2015 - HE Minister of Environment Attends Seminar on Genetic ResourcesQatar News Agency
(MENAFN - QNA) The Agricultural Research Department hosted Tuesday a seminar on the access to genetic resources and its benefit. The seminar is to celebrate the World Environment day and was held at ...

 Jun 2 2015 - HE Minister of Justice Leaves for ThailandQatar News Agency
(MENAFN - QNA) HE Minister of Justice Dr. Hassan bin Lahdan Saqr Al Muhannadi and his accompanying delegation left Doha for Thailand to participate in the two-day Conference of the Asian Society of ...

 Jun 2 2015 - HE Minister of State for Defense Affairs Meets Turkey's Deputy Minister of National DefenseQatar News Agency
(MENAFN - QNA) HE Minister of State for Defense Affairs Major-General Hamad bin Ali Al Attiyah met here Tuesday with Turkey's Deputy Minister of National Defense Hassan Kamal Yar Deja and his ...

 Jun 2 2015 - Qatar - HE Minister of Justice Leaves for ThailandQatar News Agency
(MENAFN - QNA) HE Minister of Justice Dr. Hassan bin Lahdan Saqr Al Muhannadi and his accompanying delegation left Doha for Thailand to participate in the two-day Conference of the Asian Society of ...

 Jun 2 2015 - Serbian Minister Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Serbia's Minister of Public Administration and Local Self-Government Kori Udovicki has met with HE Qatar's Ambassador in Belgrade Sheikh Mubarak bin Fahad Al-Thani. Discussions ...

 Jun 2 2015 - Saudi GDP to grow 3.5 percent in 2015MENAFN
(MENAFN) Saudi Arabia's Gross Domestic Product (GDP) is set to record 3.5 percent growth this year, remaining unmoved from 2014, according to the International Monetary Fund, Reuters reported.As the ...

 Jun 2 2015 - UAE spends USD14.3b over Etihad AirwaysMENAFN
(MENAFN) The government of the United Arab Emirates has spent over USD14.3 billion in Etihad Airways, USD9.1 billion was granted through equity financing and USD5.2b through loans, Arabian Business ...

 Jun 2 2015 - Famous international brands to capitalise their investments in EgyptDaily News Egypt
(MENAFN - Daily News Egypt) Ten years ago, no one would have imagined buying high-end products right from the heart of Cairo. However, nowadays, average local malls display impressive line of ...

 Jun 2 2015 - Egypt- Online platform to connect NGOs with private sector profitsDaily News Egypt
(MENAFN - Daily News Egypt) In the words of 23-year-old Khaled Yousry regarding his project: "I just want to make this country a better place for people to live in."Talking about the main reason he ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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