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Saudi finance minister says kingdom may slow fiscal consolidation slightly
May 20, 2017 / 3:36 PM / in 6 months

Saudi finance minister says kingdom may slow fiscal consolidation slightly

RIYADH, May 20 (Reuters) - Saudi Finance Minister Mohammed al-Jadaan said on Saturday the speed of the kingdom’s fiscal consolidation was generally right, but that authorities may slow it a bit in line with recommendations by the International Monetary Fund (IMF).

Jadaan was responding to a question about an IMF warning this week that rapid cuts to the government’s budget deficit could damage the economy. (Reporting by Andrew Torchia, Writing by Katie Paul; Editing by Alison Williams)

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