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Asharq Al-Awsat

Business

Riyadh - Bandar al-Mosalam

Saudi Budget Expected to Reveal Shift from Deficit to Surplus for First Time in 8 Years

Deficit Shura Council Asharq AlAwsat

The surplus from the country’s general budget would be directed to boost government reserves and support national funds. (SPA)

The Saudi cabinet is expected to approve the news state budget on Wednesday.

Experts told Asharq Al-Awsat the budget would reflect the start of a new financial phase, with the end of the deficit that has continued since 2014.

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