Saudi Arabia sets record $228bn budget for 2014 - Al Arabiya News

Saudi Arabia sets record $228bn budget for 2014 - Al Arabiya News:

"Saudi Arabia today set its 2014 budget spending at a record 855 billion riyals ($228bn), equal to the country’s projected revenues.

That spending figure marks a modest rise of 4.3 percent on planned spending in 2013, the finance minister announced in the country’s budget plan.

Saudi Arabia’s gross domestic product grew by an estimated 3.8 percent in 2013, compared with 5.8 percent in 2012, Reuters reported.

Economists said that the budget looked “healthy” but acknowledged that the rise in spending is much lower than in previous years."

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