Saudi Set For $28bn 2014 Surplus

Having penciled in a balanced budget, Saudi Arabia is set to post a surplus of SR104bn ($27.7bn), or 3.5% of GDP, for 2014, according to local investment bank Jadwa.

Jadwa projects 2014 revenue at SR1,174bn ($313bn) and expenditure of SR1,070bn ($285bn), 37% and 25% respectively higher than the budget figure of SR855bn ($228bn). (CONTINUED - 457 WORDS)