Saudi Arabia not to increase spending, minister says (Reut)

24Jan2010 Reuters, 24/01/2010

Saudi Arabia's Finance Minister Ibrahim al-Assaf has said the Kingdom does not plan to increase spending further, preferring to ensure it keeps its reserves in good shape, but has warned against any early cut-back in the stimulus packaghe put in place by most of the world's larger economies to counter the threat of recession caused by the global banking crisis.

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