Saudi Arabia slashes $13bn from budget to deal with coronavirus, oil crisis - Arabianbusiness:
Saudi Arabia has cut its state budget by $13 billion as the kingdom directs funds to tackle the spread of coronavirus and cushion the impact of low oil prices.
The amount, which was announced by Minister of Finance and acting Minister of Economy and Planning, Mohammad Al-Jadaan, represents almost five percent of the total expenditure previously approved in the 2020 budget.
According to a report on the state news Saudi Press Agency (SPA) website, further cuts could be made. Developments will be re-evaluated, items of expenditures will be reviewed, and appropriate decisions will be taken in a timely manner, Al-Jadaan said.
He added that providing resources to help combat the coronavirus pandemic was a priority for the government.
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