Production hikes by other oil producers will weigh on energy prices in 2013, potentially cutting into Saudi Arabia's fiscal surplus, Finance Minister Ibrahim Alassaf said on Sunday in a television interview.
The world's top oil exporter said on Saturday that it ran a budget surplus of 387 billion riyals ($103.2 billion) in 2012 as high energy prices and strong output levels generated revenue of 1.24 trillion riyals.
For next year it has conservatively budgeted spending of 820 billion riyals and income of 829 billion riyals, although based on recent fiscal performance both figures are likely to be a lot higher.
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