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Saudi Arabia Sees 2021 Deficit Narrowing to 5.1% of GDP

Saudi Arabia Sees 2021 Deficit Narrowing to 5.1% of GDP

Saudi Arabia expects the budget deficit in 2021 to narrow to 145 billion riyals, or about 5.1% of GDP, according to a statement published by the Finance Ministry.

  • Kingdom earlier estimated the 2020 deficit to reach nearly 300 billion riyals, or 12% of GDP.

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