December 19, 2017 / 2:32 PM / a month ago

Saudi king says 2018 state budget to be kingdom's largest

RIYADH (Reuters) - Saudi Arabia’s 2018 state budget will be the largest in the kingdom’s history, King Salman said in a speech on Tuesday ahead of the release of the budget later in the day, state-owned Al Arabiya television reported.

He was also quoted as saying that Riyadh had moved back the target year for eliminating its budget deficit to 2023, from 2020.

Reporting by Katie Paul and Rania El Gamal, Writing by Andrew Torchia, Editing by Sylvia Westall

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