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Extraction Summary

1
People
8
Organizations
3
Locations
2
Events
1
Relationships
3
Quotes

Document Information

Type: Financial research report / analytics paper
File Size: 1.8 MB
Summary

This document is page 18 of a Merrill Lynch research paper titled 'GEMs Paper #26' dated June 30, 2016. It analyzes the fiscal policy of Saudi Arabia, specifically focusing on the National Transformation Plan (NTP), government spending targets, and the shift in fiscal adjustment burden to non-oil revenues. The document includes a detailed table breaking down projected spending by various Saudi ministries (Housing, Education, etc.) for the period 2016-2020. It bears a House Oversight Committee Bates stamp, indicating it was produced as part of a congressional investigation, likely related to financial records involving foreign entities.

People (1)

Name Role Context
King Salman King of Saudi Arabia
Mentioned in relation to one-off royal edicts decreed upon his accession.

Organizations (8)

Name Type Context
Merrill Lynch
Creator of the report (logo and footer text).
House Oversight Committee
Recipient/Holder of document (Bates stamp: HOUSE_OVERSIGHT_016128).
National Transformation Plan (NTP)
Subject of the financial analysis.
Ministry of Housing
Listed in spending table (59.2 SARbn).
Royal Commission for Jubail and Yanbu
Listed in spending table (41.6 SARbn).
Ministry of Education
Listed in spending table.
Ministry of Health
Listed in spending table.
Saudi Arabian General Investment Authority
Listed in spending table.

Timeline (2 events)

2015
King Salman's accession
Saudi Arabia
2016-06-30
Publication of GEMs Paper #26
Unknown

Locations (3)

Location Context
Subject of the economic analysis.
Mentioned in Royal Commission entity name.
Mentioned in Royal Commission entity name.

Relationships (1)

Merrill Lynch Analyst/Subject Saudi Government
Merrill Lynch authored this report analyzing Saudi fiscal policy.

Key Quotes (3)

"Spending path is unclear and is flattish (excluding NTP costs) in the best case"
Source
HOUSE_OVERSIGHT_016128.jpg
Quote #1
"Fiscal adjustment burden shifts to raising revenue, oil prices and exports"
Source
HOUSE_OVERSIGHT_016128.jpg
Quote #2
"this would materially widen the fiscal deficit by SAR190bn (8.0% of GDP)"
Source
HOUSE_OVERSIGHT_016128.jpg
Quote #3

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