Next year’s Saudi budget projects spending of SR840 billion, down from SR975 billion actually spent this year.
Officials said it would review government projects to make them more efficient and ensure they were necessary and affordable.
Revenues next year are forecast at SR514 billion, down from SR608 billion in 2015, when oil revenues accounted for 73 percent of the total.
The Brent oil price averaged about $54 a barrel this year but is now around $37.
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