Saudi 2019 budget boosts spending to drive economic growth

18/12/2018 Argaam

 

Saudi Arabia plans to increase state spending by more than 7 percent next year in an effort to spur economic growth, Reuters reported, citing the 2019 budget released by the Ministry of Finance on Tuesday.

Spending is projected to rise to SAR 1.106 trillion next year, up from an actual SAR 1.03 trillion this year, the report said.

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