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Politics : Foreign Affairs Discussion Group

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To: geode00 who wrote (169345)	8/19/2005 3:12:00 AM
From: tejek	Read Replies (1) of 281500

I wonder if the Saudis are busy planning a one-two sucker punch for the American Public which they obviously hold in great disdain. The Saudis can't afford to fool around......for a long time, they spent more than they were making. Apparently, the royal family has grown by leaps and bounds over the past twenty years and they all want a hefty allowance. So while there are surpluses from the oil boom, there is also a huge public debt that needs to be whittled down: Saudi surplus to hit $29bn Saudi Arabia: Thursday, August 18 - 2005 at 07:59 Saudi Arabia's budget surplus is expected to cross $29.33bn for 2005 on oil revenues of $112bn, according to a report by Saudi British Bank. Saudi recorded a budget surplus of $26.1bn in 2004 on record prices for its crude exports. The government said part of the surplus would be used for repaying public debts estimated at $176bn. ameinfo.com

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