The Saudi Arabia's 2018 budget will be released on Tuesday, focus on expansion, development and investment, but a senior Saudi financial contract official said Monday that new reforms or taxes will not be included.
Saad al-Rahmani, the general director of the Foreign Ministry's macro financial policy unit, said in an interview with Saudi Arabia that if there was a title for 2018 budget, there would be budget expansion and development and investment. Al Arabia tv
"It will also focus on capital and investment costs. It will be a major part in the urban and private sector and it will compete with private sector."
Asked if the budget will be included in additional reforms, he said that the earlier announcements made all the steps taken by 2018. "We do not expect new fixes or new taxes".
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