Saudi expects 2020 budget deficit of 187 bln riyals - fin min

Saudi Arabia expects its state budget deficit to widen to 187 billion riyals ($49.86 billion) next year, from a projected 131 billion riyals for this year, Finance Minister Mohammed al-Jadaan said on Thursday. The kingdom expects revenues of 833 billion riyals for 2020, down from 917 billion riyals projected for 2019, he told a news briefing ahead of the final budget announcement later this year.

Spending is expected at 1.02 trillion riyals for 2020 versus 1.084 trillion projected in 2019, the minister said.

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