Saudi Arabia Mulls More Fiscal Expansion in 2018 to Spur Economy
- This year to see more local bond sales, no international ones
- Finance Minister Mohammed Al-Jadaan speaks in interview
Riyadh, Saudi Arabia.
Photographer: Waseem Obaidi/BloombergThis article is for subscribers only.
Saudi Arabia is considering a more expansionary budget than planned for 2018, Finance Minister Mohammed Al-Jadaan said, as authorities seek to support an economy struggling under the weight of austerity cutbacks.
Authorities were already planning an expansionary budget, “and we are considering even a potential further expansion,” Al-Jadaan said in an interview at the Future Investment Initiative in Riyadh. “We think the economy requires that support and development requires that support.”