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Democrats at odds over California’s multi-billion dollar budget surplus
California Gov. Jerry Brown (D) is expected to clash with his own party over the state’s huge budget surplus. California is expected to see a budget surplus of about $4.5 billion thanks to a voter-approved tax increase, rising employment, increasing home prices, a surging stock market, and tens of billions…
Saudi Arabia budget surplus hit $102.9 billion in 2012
Saudi Arabia said on Saturday that its budget surplus hit 386 billion riyals ($102.9 billion) in 2012 as oil-dominated revenues surged, according to state television. Revenues were expected to reach 1.24 trillion riyals ($330.4 billion) by the end of the year, while expenditure would be 853 billion riyals ($227.5 billion),…
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