Riyadh – Mubasher: Saudi Arabia's GDP growth is expected to rise by 2% in 2017, versus 1.4% in 2016, as a result of increasing spending by 8% to SAR 890 billion, Al Rajhi Capital said on Saturday.
However, budget deficit for 2017 is expected to shrink to SAR 198 billion (7.7% of GDP) due to higher oil prices.
Al Rajhi said that the 2017 budget is in-line with the National Transformation Program (NTP) objectives and the Saudi Vision 2030.
