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Saudi Arabia cuts 2016 budget deficit, to boost 2017 spending

Friday, December 23, 2016 - 05:50

Riyadh

SAUDI Arabia said on Thursday it had successfully cut into its huge state budget deficit this year and will increase government spending in 2017 to boost flagging economic growth.

The deficit shrank to 297 billion riyals (S$114.7 billion) in 2016. That was well below a

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