Expat Levy, Handouts, Defense Cutbacks: What's in Saudi Budget

Saudi Arabia wants to keep the fiscal taps open without blowing a bigger hole in the budget as the world’s biggest oil exporter reshapes its priorities and looks to jump-start economic growth.

The document, unveiled late on Tuesday, outlines plans to raise expenditure by over 7 percent next year from 2018 while scaling back outlays on the military and extending handout payments worth billions of dollars to citizens for another year.