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Deficits Every Year Since 1983

The Woeful State of Saudi Finances

The Woeful State of Saudi Finances

February 1, 1995 | Eliyahu Kanovsky
Saudi Arabia has experienced budgetary deficits in every year since 1983, in sharp contrast with its large surpluses of the previous decade. Between 1983 and 1992 the cumulative deficits of Saudi Arabia amounted to $141 billion, while in the previous decade its cumulative surpluses had totalled $107 billion.