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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