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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Saudi eyes spending cuts, new revenue sources

Posted on 14 December 2015

Saudi Arabia’s government is expected to announce spending cuts and a drive to raise revenue from new sources as it lays out a strategy to cope with an era of cheap oil, people familiar with Saudi policy-making said.
Increasing non-oil exports would happen only slowly, so Riyadh should also consider introducing new policies to preserve its foreign assets and create a sovereign wealth fund to increase returns on them……………………………………….Full Article: Source


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