Saudi Arabia and UAE increase welfare spending – MEED
- Date: 05-Jul-2022
- Source: MEED
- Sector:Healthcare
- Country:Saudi Arabia
Saudi Arabia and UAE increase welfare spending – MEED
Riyadh and Abu Dhabi both announce measures to protect citizens from rising prices
Saudi Arabia and the UAE have announced billions of dollars of additional spending on social welfare spending to protect low-income citizens from the impact of rising prices.
The move by both countries reflects the increasingly comfortable fiscal position of both countries this year. Oil prices have been consistently well over $100 a-barrel leading to substantial budget surpluses for the first time since 2014.
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