In 2019, expenditure of Saudi Arabia is likely to hit a high-record as the Saudi government has planned to increase the state spending by 7 percent to reach $295 billion, despite of the unstable oil prices.

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia, on Tuesday has announced the figure, claims that the government expects revenue to increase by more than 9 percent to hit $260 billion. That will also leave a projected deficit of $35 billion.

During a government meet, the Saudi Crown King said that “this budget is a continuation of the government’s policy of focusing on the fundamental citizen services and the development of government services.” the King further extended the monthly allowances for military personnel, government employees, social security recipients, pensioners, and students into next year.

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