Saudi Arabia released its 2018 budget with great fanfare today, including a meaningful increase in spending directly and via off-balance sheet funds such the public investment fund (PIF). With the oil sector no longer a drag and the non-oil sector benefiting from government pump-priming, economic growth should accelerate, from near-recessionary levels, part of a broader… Continue reading Saudi Arabia: An Expansive Spending Plan, Mixed Messages for Private Sector
Ziemba Insights 