CAIRO – In a context of continued fall in oil prices, with Brent crude oil to $ 61, the Gulf country has advanced in 2015 paid about 715 billion Saudi riyals (about US $ 190 000 500 000 000) and spend almost 860 billion riyals (about US $ 229 000 200 000 000).
According to a statement, the Saudi Information Minister Abdelaziz al Khudairi He explained that the accounts next year were adopted “under international economic and financial conditions that challenge due to the global economic crisis and falling oil prices to their lowest levels since 2009″.
It also pointed out the “factors of instability in some neighboring areas,” referring to the conflicts in Syria and Iraq.
The minister stressed that Saudi Arabia has accumulated surplus in recent years to cope to falling revenue in the future.
The Saudi government said it will continue to invest in programs that ensure economic development and job opportunities for Saudis.
Specifically, authorities will focus on education projects (representing 25% of expenditure), infrastructure, security, social services, science and technology.
They also said that commit to rationalize public spending especially public salaries, which account for 50% of budgeted expenditure.
The 38 thousand 600 million deficit planned for next year contrast with the surplus of US $ 55 billion recorded in 2013, thanks mainly to income from the sale of crude oil, with a barrel Brent around $ 110.
BY AGENCY EFE / Egypt
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