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Reduction in Q1 Saudi budget deficit due to capex cut – analysts
Saudi Arabia last week reduced its budget deficit to 7.4 billion riyals ($1.97 billion) for the first quarter of the year, nearly 80 percent less than the deficit recorded in Q1 of last year. Spending amounted to 212.2 billion riyals, while revenues totalled 204.76 billion riyals during the quarter. According…
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