Saudi government largesse sends economists back to the drawing board | Arab News:
"THE armies of economists who produced reams of analysis of the Saudi Arabia budget for 2018 back in December need not have bothered. Within weeks, their calculations have been turned upside down by a series of measures from the government that radically reshaped the economic outlook for this year, with some positive consequences, but others not so welcome. The good news comes for two important constituencies: Saudi households and Saudi businesses. Both will benefit from the government’s largesse in offsetting big price rises via value added tax and the reduction of subsidies on fuel and power, even though they will have to deal with the prospect of higher inflation."
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