DUBAI (Reuters) - Saudi Arabia's finance minister on Monday said that reinvesting money from the initial public offering (IPO) of oil group Saudi Aramco would help to create more revenue channels for the government.
Speaking after the release of the 1.02 trillion riyals($272.00 billion) 2020 budget, Mohammed al-Jadaan said the budget's revenue expectations were conservative in light of the gloomy global economic outlook.
(Reporting by Marwa Rashed and Davide Barbuscia. Editing by Jane Merriman)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
Updated Date: Dec 10, 2019 00:07:57 IST