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Local banks to sell them 20 billion riyals (USD 5.3 billion)
Saudi Arabian Government is actively pursuing several initiatives to keep its fiscal budget deficit in check. Saudi Arabia is considering raising domestic energy prices; the existing system of subsidies in the kingdom is blamed for waste and surging fuel consumption. Saudi Arabia's government was in talks with local banks to sell them 20 billion riyals (USD 5.3 billion) of local currency bonds.
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Keri Lewis, Dec 27 2018 on microblog.pierre-o.fr