December 19, 2017 / 7:52 PM / 2 years ago

Saudi finance minister says drawdown of foreign assets to slow further

RIYADH, Dec 19 (Reuters) - The drawdown of the Saudi Arabian central bank’s net foreign assets is likely to slow next year and in years to come, Finance Minister Mohammed al-Jadaan said on Tuesday.

He was speaking in an interview after releasing a 2018 state budget that includes a rise in spending to a record high, as the government slows its austerity drive in order to boost flagging economic growth. (Reporting by Katie Paul and Rania El Gamal; Writing by Andrew Torchia)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below