Saudi Arabia: 2012 Article IV Consultation

September 18, 2012

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Format: Chicago

Saudi Arabia: 2012 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed September 18, 2024

Summary

Saudi Arabia is the world’s largest oil exporter and has employed its spare capacity to help stabilize the global oil market, providing important support to the global economy. The associated increase in oil revenues has resulted in sharply higher fiscal and current account surpluses and provided room to accelerate initiatives to address pressing social issues, including a shortage of affordable housing and unemployment. Spillovers from higher growth and fiscal spending, together with increased financial assistance, have positively impacted the region.

Subject: Commercial banks, Commodities, Expenditure, Financial institutions, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Africa, Annex I. fund relation, Commercial banks, CR, Europe, Gas and mining taxes, GDP, Global, IFC Riyadh office, ISCR, Mid-June update, Oil, Oil prices, Staff appraisal, Surplus, US$, US$ billion

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/271
Stock No:

1SAUEA2012003
ISBN:

9781475510638
ISSN:

1934-7685

Notes

Also Available in Arabic

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