Saudi Arabia’s 327 billion riyals deficit budget for the year 2016
Riyadh … News Time
Saudi Arabia’s 327 billion riyals for the year 2016, the budget deficit has been. According to Al-Riyadh, capital of Saudi Arabia during a news conference on the previous fiscal year’s budget has been announced. Over the next year, estimated to cost 224 billion dollars and 840 billion riyals, the revenue is estimated at 513 billion riyals. Al Arabiya reported that 608 billion riyals in the year 2015 is income. 73 percent of the oil it received from the sale. Saudi Arabia’s Prince Salman bin Abdul Aziz took power after his government’s first budget. On Wednesday, the Saudi Shura Council was told our vision for the economic reforms to make effective public interest, financial resources and private investment is to increase the take. Saudi Shura Council’s Economic and Energy Committee Vice President Dr. Fahd bin Juma told Al Arabiya new budget oil price of 45 dollars per barrel in the international market keeping has been developed. They eliminate subsidies given to different things or the possibility of an increase in fees and tax rates were also dismissed.
