December 18, 2017 / 6:35 PM / 5 months ago

Saudi fiscal deficit fell to 8.9 pct of GDP this year: finance ministry official

DUBAI (Reuters) - Saudi Arabia’s fiscal deficit fell to 8.9 percent of gross domestic product this year from 12.8 percent in 2016, state news agency SPA quoted a senior finance ministry official as saying on Monday.

Yarub Abdullah al-Thunayan, the ministry’s undersecretary for communication and information, was speaking before the formal release of 2017 fiscal data and the 2018 state budget plan on Tuesday.

Reporting by Omar Fahmy and Sami Aboudi; Writing by Andrew Torchia

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