Less than two weeks into 2018 and Saudi Arabia has already blown a hole in its plans to cut its deficit.
The country’s 2018 budget envisaged a $9.3bn fall in the country’s deficit to a still eye-watering $52bn (7.3% of GDP), with the gains slated to come in large part from an expected 39% increase in the kingdom’s tax take (MEES, 22 December 2017). (CONTINUED - 374 WORDS)
