Saudi budget surplus set to reach $60bn this year
2011-11-09 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: According to a study by Jadwa Investment, higher revenue is predicted to boost Saudi Arabia's budget surplus by more than 40% to SR226bn ($60bn) in 2011, Saudi Gazette has reported. The projected surplus this year will be more than double the SR109bn ($29bn) balance recorded in 2010 and against the SR87bn ($23bn) deficit in 2009. The Riyadh-based investment firm earlier estimated the budget surplus at SR127bn ($33.8bn).  

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