Saudi 2018 budget to focus on development, investment: finance ministry

Saudi 2018 budget to focus on development, investment: finance ministry:

"Saudi Arabia’s 2018 budget, to be released on Tuesday, will focus on expansion, development and investment, but will not include new reforms or taxes, a senior Saudi finance ministry official said on Monday.

“If there was to be a title for the 2018 budget, it would be the budget of expansion and development and investment,” Saad al-Shahrani, general director of the ministry’s macro-fiscal policy unit, said in an interview on Saudi-owned al-Arabiya TV.

“It will also focus on capital and investment expenditure. The citizen and the private sector will have a big part of it and it will simulate the private sector.”"



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