New Country Views 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.

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