Saudi Revenue Seen at $295 Billion a Year by Samba Financial
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Saudi Arabia will collect $295 billion a year in government revenue from 2012 to 2016 as the Arab world’s biggest economy benefits from high oil prices, Samba Financial Group said.
Hydrocarbon earnings are expected to be $265 billion a year in the same period, Riyadh-based Samba said in an e-mailed report today. Real gross domestic product growth will average 5 percent for the period, while inflation will be stable at an average of 5.5 percent, it said.