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Thursday, 22 December 2016

Factbox: Major economic policies and targets detailed in Saudi 2017 budget | Reuters

Factbox: Major economic policies and targets detailed in Saudi 2017 budget | Reuters:
"Following are major economic policies and targets described in Saudi Arabia's 2017 state budget.

ENERGY SUBSIDIES: The government plans to gradually phase out subsidies on energy, although needy citizens will receive "direct cash support" to help them manage, the budget statement said without specifying when this would happen.

DEBT: Over the next four years, Saudi Arabia plans to diversify its debt sales, both domestically and internationally, to include sukuk. It will also seek to sell instruments denominated in different currencies, depending on market demand and conditions.

PRIVATISATIONS: The National Center for Privatization will determine in 2017 the possibility of privatizations in various sectors including public utilities, sports, health, education, transport and municipal services."

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