Business & Money | Sunday 30 September, 2018 12:27 pm |

Saudi Arabia's estimated budget for 2019 is expected to reach record level at SR1.106 trillion, Finance Minister Mohammed Al-Jadaan said on Sunday.

The government also expects to run a budget deficit of SR128 billion ($34.1 billion) next year, against a deficit of SR195 billion projected for 2018 in the original budget for this year.

Speaking at a briefing ahead of the expected release in December of the state budget for 2019, Jadaan also said next year's state revenues were expected at SR978 billion, up 11 percent from the number currently projected for 2018.

Expenditure for 2019 will be about 7% higher than projected spending for the current year, the minister said.