DUBAI: Regional and international investors will be “relieved” after the Saudi budget 2021 announcement, Sachin Kerur, Head of Middle East at international law firm Reed Smith told Arab News.
“The 2021 Saudi budget will be one of the most important budget announcements in the Kingdom for many years. As the country looks forward to a post-COVID-19 world, the consequences of the pandemic will remain a key consideration as to how Saudi Arabia spends its money through next year and beyond. The headlines will focus on Saudi cutting spending by 7.5 percent, maintaining VAT increases and running a current budget deficit at least until 2023,” he said.