Saudi government expects inflation to hit 3.7% after VAT hike

      Published on Saturday, 3 October , 2020      2024 Views     
Saudi government expects inflation to hit 3.7% after VAT hike

  • Business

Saudi Arabia’s government expects inflation to reach 3.7% in 2020, partially due to an increase in its value-added tax rate, it said in a preliminary budget statement on Wednesday.

The government expects inflation to hit 2.9% in 2021, the document showed.

Category Business, Government, Saudi News | 2020/10/03 latest update at 8:07 AM
Source : Reuters | Photocredit : Google
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