October 31, 2019 / 5:11 PM / 15 days ago

CORRECTED-Saudi expects 2020 budget deficit of 187 bln riyals - fin min

(Corrects 2019 spending projection to 1.048 trln not 1.084 trln)

DUBAI, Oct 31 (Reuters) - Saudi Arabia expects its state budget deficit to widen to 187 billion riyals ($49.86 billion) next year, from a projected 131 billion riyals for this year, Finance Minister Mohammed al-Jadaan said on Thursday.

The kingdom expects revenues of 833 billion riyals for 2020, down from 917 billion riyals projected for 2019, he told a news briefing ahead of the final budget announcement later this year.

Spending is expected at 1.02 trillion riyals for 2020 versus 1.048 trillion projected in 2019, the minister said.

$1 = 3.7502 riyals Reporting by Marwa Rashad; Writing by Tuqa Khalid;

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