15
Dec
12:30
Saudi demand seen growing despite reduced 2022 budget
Saudi Arabia’s Ministry of Finance has approved a SAR 955 billion ($254.6 billion) budget for 2022, down 5.9% on 2021’s budget. Total revenue is however expected to increase 12.4% next year to SAR 1,045 billion ($278 billion), giving a budget surplus of about SAR 90 billion, the first since 2013.
The government has indicated that the expected 2022 surplus, which comprises 2.5% of GDP in 2022, will partly be used to help accelerate Public Investment Fun…
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Anonymous
Very good overview of the weekly steel market.
Anonymous