Saturday 21 April 2018

Saudi may see inflation from spending hike

Riyadh, April 9, 2011

Any increase in state spending will normally result in inflationary pressure, but will have a positive impact in the long term, Saudi Arabia's finance minister said on Saturday.

'If there is a large size of spending that exceeds the power of spending then according to economic theories there will be inflationary pressures,' Ibrahim al-Aassaf told al-Arabiya television in an interview.-Reuters

Tags: Saudi inflation |

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