Summary: Saudi Budget for 2018 continues the drive for economic reform. It projects a deficit of $52bn, the same as budgeted for 2017 and 15% lower than the outcome. Revenues projected to rise by 12%, expenditures by 6%. Government remains committed to balancing its budget over the medium term, and significantly increasing non-oil revenues. Huge expansion of administrative infrastructure envisaged for more robust budget planning and oversight.
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