UPDATE 2-Saudi Arabia Q1 budget gap 34.3 bln riyals -finance ministry | Reuters:
"Saudi Arabia’s first quarter budget deficit stood at 34.3 billion Saudi riyals ($9.15 billion), around 18 percent of the total gap forecast for 2018, the finance ministry said on Monday. The kingdom - which is making concerted efforts to diversify its oil-reliant economy - has projected a deficit of 195 billion riyals, or 7.3 percent of gross domestic product (GDP), this year, down from 230 billion last year. It plans to balance the budget by 2023."
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