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World


Saudi Arabia cuts deficit by half in first quarter - deputy economy minister

Riyadh, Apr 23 (Reuters) Saudi Arabia's deputy economy minister said on Saturday the kingdom had reduced its deficit in the first quarter of 2017 by more than half in part because of prudent public spending. "The fact that the first quarter deficit was 26 billion riyals ($6.93 billion) when 54 billion riyals was projected at the beginning of the year. This is a very excellent step toward rationalized spending," Mohammed al-Tuwaijri, deputy minister of economy and planning told state-run Ekhbariya TV. Saudi's deficit shrank to 297 billion riyals ($79 billion) in 2016, down from a record 367 billion-riyal gap in 2015. In its 2017 budget plan, Riyadh said the deficit would shrink further this year to 198 billion riyals because of higher oil prices and non-oil revenues. REUTERS RSD 0402
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France rejects security concerns about Paris Olympics opening ceremony

29 Mar 2024 | 3:50 PM

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Moldovan Prez arrives in Gagauzia, locals protest her arrival

29 Mar 2024 | 2:54 PM

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Third defendant in Crocus terrorist attack case appeals ruling on arrest

29 Mar 2024 | 2:27 PM

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G20 countries should reach consensus before inviting Putin to summit in Brazil

29 Mar 2024 | 2:19 PM

Paris, Mar 29 (UNI) French President Emmanuel Macron said G20 countries should agree before inviting Russian President Vladimir Putin to the G20 summit in Brazil in November.

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