December 19, 2017 / 7:52 PM / 7 months 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)

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