This image will be automatically disabled when it gets reported by several people.
Ministry of finance expecting recovering of "credit" and recession of distension Said that the Kingdome will continue its governmental investment plan by pumping 1.5 billion Riyal
Saudi Ministry of Finance Dr. Ibrahim Al Assaf expected a growth of the total local production with a percentage more than 4% this year, mean more than last year. At the same time in which the biggest oil exporter country remain cautious regarding distension. Al Assaf said during the Fifth Emulative Forum that he is expecting increasing the growth rate of the total local production than 4% this year, adding that he is also expecting recovering of credit growth in 2011. Al Assaf added that the asperity of distension had decreased slightly but the country remain cautious. Al Assaf said that Saudi Arabia will continue its governmental investment plan which value 400 billion dollars (1.5 billion riyal) which is the biggest improvement plan on the world comparing with the total local production up to 2013 as it was decided, but it will monitor the accumulation of any distension pressures. The rate of the distension had recessed to 5.4 % in December after being 5.8% in November, but economists said that the increasing of international food prices may increase the prices pressures in the kingdom of desert which depends on imports. And to avoid the effects of the international increment, and serving its peoples who are growing with new arrivals of foreigners, the kingdom said earlier in this month that it will increase its reservations of wheat to be enough for a year in the session of innovation and creation.
