Expat Fee, Subsidy Cuts: What’s in Saudi Arabia’s Fiscal Balance Plan?
- Saudi to introduce an expat fee on workers and their families
- Saudi earmarks 200 billion riyals to stimulate private sector
The Key Takeaways From Saudi Arabia's Historic Budget
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Saudi Arabia followed a historic budget announcement last week with an 84-page document outlining how the Arab world’s largest economy plans to balance its budget by 2020. The document includes plans to curtail capital spending, raise new revenue and stimulate the private sector.
Following are highlights of what caught our attention: