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Saudi to announce 2017 budget on Thurs: finance ministry
December 21, 2016 / 10:34 AM / a year ago

Saudi to announce 2017 budget on Thurs: finance ministry

DUBAI (Reuters) - Saudi Arabia will announce its state budget for 2017 on Thursday, according to the finance ministry’s official Twitter account.

Sources told Reuters on Wednesday that the kingdom is expected to unveil a budget that will boost spending to support economic growth while raising domestic energy prices to ease the government’s subsidy burden.

Reporting by Reem Shamseddine; Writing by Hadeel Al Sayegh; Editing by David French

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