(MENAFN) Saudi Arabian Monetary Agency's (SAMA) reserves are estimated to touch USD 500bn by the end of this year, compared to USD 598bn in Jan 2016.
Furthermore, the kingdom will run a budget deficit of USD 107.12bn, a recent account deficit of USD 72bn and whole debt issuance of USD 31.97bn.
Additionally, it expects a similar continuation of this strategy in 2017 with a possible for the government to tilt more toward debt issuance.
The government will continue its monthly USD 5.3bn series of development bond issuance to local banks and other public institutions.
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