Saudi Arabia’s 2015 budget is probably assuming an oil price of $80 a barrel
December 26, 2014
The Saudi government said it expects the budget deficit in 2015 to widen to 145 billion riyals ($39 billion), from 54 billion riyals this year, the Finance Ministry said today. That amounts to about 5 percent of gross domestic product, according to Arqaam Capital, a Dubai-based investment bank.
The Finance Ministry said the government will continue to invest in areas such as education and health care, while exerting “more efforts” to curb spending on wages and allowances, which make up about 50 percent of spending. The kingdom will resort to borrowing and use of reserves to plug the budget deficit, the state-run Saudi Press Agency said, citing Economy Minister Mohammad Al-Jasser.
Projected revenue will drop more than 30 percent next year to 715 billion riyals, while expenditure was set at 860 billion riyals, budget data show. Spending in 2014 is estimated to have been 1.1 trillion riyals, 29 percent higher than target.
Evenimente
MOSCOW – ARMY 2018
The exposition of the Russian Army-2018 international military and technical forum will showcase about 600 pieces of armament, military and special hardware, according to Russia’s Defense Ministry.
International military-technical forum «ARMY» is organized and fully supported by the Ministry of Defence of the Russian Federation and combines the exhibition and dynamic demonstration of military equipment capabilities with extensive congress program and strong participation of international audience represented by foreign exhibitors, delegations and visitors. In just three years, the event has turned into the world’s leading exhibition of arms and military equipment, the authoritative platform for discussing innovative ideas and developments for the armed forces.
Adress: Patriot ExpoCenter, Moscow, Times: 21 – 26 August 2018, 9.00 – 17.00
PARIS – EUROSATORY 2018
Eurosatory – the international land and airland Defence and Security exhibition, takes place every two years in order to gather the whole offer and demand of the domains. It was created in its original form in 1967 and has never stopped evolving. Attendees’ number always increased, visitors as well as exhibitors.
Adress: Parc des Expositions de Paris Nord Villepinte, Hall 6 – 5A et 5B
Times: Monday 11th to Thursday 14th of June 2018; 9:00 – 17:00, Friday 15th of June 2018; 9:00 – 16:00
DEFENCE SECURITY ASIA (DSA) 2018
DSA is the most important defense and security exhibition in the Asian Region. The edition 2018 of DSA will take place from 16 to 19 April, 2018 in the new Malaysian International Trade and Exhibition Center MITEC. DSA exhibition it’s more than 1,000 companies from the global defence and security sector from more than 50 countries and regions. More than 26 International Pavilions are expected to participate to engage with more than 300 VIP Delegations from more than 44 countries.
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