Deputy economy Minister: Saudi Arabia cut the deficit in half in the first quarter.


Deputy Minister of economy and planning said Mohamed Al tuwaijri said Saturday that the Kingdom has reduced the deficit in the first quarter of 2017 by than half thanks to rationalize spending.

ITC news channel said “the fact that expenses in the first quarter was lower than expected. And the deficit expected her at the beginning of the year 54 billion and reached 26 billion reais. This step is very excellent. Rationalization of expenditure in 2016 scored 80 billion riyals in rationalization.