Summary
Saudi Arabia's economy
Saudi Arabia's plan to increase its spending budget in 1993 was greeted with enthusiasm by the country's business community. The announcement of the spending plan, which targets a 9% increase in government spending as compared to last year, triggered an increase in share prices in the Saudi stock market. Government officials are hoping that the 1993 budget will duplicate the success of the 1992 budget plan.See the full content of this document
Extract
As if there was no tomorrow.
SHARE PRICES ON THE SAUDI stock market jumped on the announcement of this year's government spending plans at the beginning of January. The business community was evidently encouraged by a growth budget which forecasts spending almost 9% higher than the planned figure fo...
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