RIYADH, Dec 18 (Reuters) - Saudi Arabia plans to increase state spending by more than 7 percent next year in an effort to spur economic growth, which has been hurt by low oil prices, according to a 2019 budget released by the finance ministry on Tuesday.
Spending is projected to rise to 1.106 trillion riyals ($295 billion) next year, up from an actual 1.030 trillion riyals this year, Saudi state television quoted the budget as saying. (Reporting by Marwa Rashad and Stephen Kalin; Writing by Andrew Torchia; Editing by Andrew Heavens)
