Sunday 30 December 2012

Saudi Arabia: Oil, the youth and a fund for future generations Asharq Alawsat Newspaper (English)

It’s the annual-budget season in Saudi Arabia. This is the time of year when every extra zero means a lot to everyone, for the government is the mother and caretaker of the people. The budget, in itself, is nothing but a project that outlines the hopes – but not guarantees – for the forthcoming year based on anticipated oil revenues. Gulf countries rely on oil, and even their other sources of revenue are indirectly linked to this sector, including petrochemical products like fertilizers and plastics, not to mention labour and services charges.

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