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Saudi Arabia public debts reach 91.2 bln USD

Xinhua, December 1, 2016 Adjust font size:

Saudi finance ministry announced Wednesday that its total public debts have reached 91.2 billion U.S. dollars, Saudi Press Agency reported.

The outstanding debts, including local debts, international syndicated loans and international bonds, totalled 53.3 billion dollars in 2016.

The announcement came before the country announces its state budget of 2017, expected to be in deficit similar to the previous one as the oil prices are plunging globally.

The ministry also emphasized that it will resume the local debt issuances in 2017. Endit