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  • 22-02-12

    Saudi 2012 public debt expected to fall to USD30.66b

    (MENAFN) Jadwa Investments said that Saudi's public debt would be expected to decline to nearly USD30.66 billion at the end of the current year, due to high oil prices and an increase in the country's oil output, reported Emirates 24/7. The Riyadh-based firm added that at the end of last year, the Kingdom's public debt fell to USD36.26 billion from USD44.52 billion at the end of 2010. On the other hand, at the end of 2012, the country's official foreign assets would be forecasted to surge to USD694 billion, and record an all time high of USD726 billion at the end of next year. It is worth noting that in the current fiscal year, Saudi is expected to record a surplus of USD24.26 billion and around USD3.73 billion in 2013, according to Jadwa.

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