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Saudi Arabia 2020 budget forecasts spending at 1.02 trln riyals

Saudi Arabia on Monday announced a 1.02 trillion riyals ($272.00 billion) budget for 2020. King Salman said in
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By Reuters
  • Saudi Arabia on Monday announced a 1.02 trillion riyals ($272.00 billion) budget for 2020.
  • King Salman said in a televised statement after a special cabinet meeting.

DUBAI: Saudi Arabia on Monday announced a 1.02 trillion riyals ($272.00 billion) budget for 2020, reducing state spending marginally.

King Salman said in a televised statement after a special cabinet meeting that spending in 2020 was forecast at 1.02 trillion riyals, as compared with an estimated 1.048 trillion riyals in 2019.

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