Saudi Arabia's government is spending more than it should do if it wants to preserve the country's oil wealth for future generations, the International Monetary Fund said in a report released on Tuesday.
"While the government has built significant policy buffers, fiscal spending is above the level consistent with an
intergenerationally equitable drawdown of oil wealth," the Fund said in an annual assessment of the Saudi economy.
The IMF did not specify an appropriate level of spending, but said the government should be flexible in providing social welfare benefits, broaden its tax base and ensure its expenditure was efficient.
No comments:
Post a Comment