Saudi budge covers projects to provide drinking water and develop water resources

Saudi Arabia’s 2018 budget envisages a capital expenditure of SR205 billion ($54.66 billion) or 21 per cent of total expenditures, 13.6 per cent higher than 2017. The capital expenditure ratio to total government expenditure is projected to reach 22 per cent in 2020, up from 19 per cent in 2017. While public expenditure growth is expected to average 4.3 per cent for the period 2018-2020, the growth of capital expenditure over the medium term is expected to average higher at 8.3 per cent, in order to drive economic activity and generate job opportunities, the Finance Minister said in his [