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RIYADH: The drawdown of the Saudi Arabian central bank's net foreign assets is likely to slow next year and in years to come, Finance Minister Mohammed al-Jadaan said on Tuesday.
He was speaking in an interview after releasing a 2018 state budget that includes a rise in spending to a record high, as the government slows its austerity drive in order to boost flagging economic growth.
(Reporting by Katie Paul and Rania El Gamal; Writing by Andrew Torchia) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
He was speaking in an interview after releasing a 2018 state budget that includes a rise in spending to a record high, as the government slows its austerity drive in order to boost flagging economic growth.
(Reporting by Katie Paul and Rania El Gamal; Writing by Andrew Torchia) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
