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A Spending Spree as a Means of Fulfilling the Saudi Vision

Jan 4, 2018 | 08:00 GMT
Saudi Finance Minister Mohammed al-Jadaan (R), Minister of Economy and Planning Mohammed al-Tuwaijri (C) and Saudi Arabian Monetary Agency Governor Ahmed al- Khulaifi (L) announce the state budget for 2018 on Dec. 19, 2017.

Saudi Finance Minister Mohammed al-Jadaan (R), Minister of Economy and Planning Mohammed al-Tuwaijri (C) and Saudi Arabian Monetary Agency (SAMA) Governor Ahmed al- Khulaifi (L) take part in a press conference during which officials announced the state budget for 2018, in Riyadh, on December 19, 2017.

(FAYEZ NURELDINE/AFP/Getty Images)

Its 2018 budget, fueled by increased oil revenue, represents a return to form in spending priorities but also includes some risky new aspects designed to help the kingdom press on with economic reforms....

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