Finance Minister: KSA Enjoys Great Economic Weight Regionally, Globally 2 RiyadhSource: www.export-egypt.com 5/2/2018, Location: Middle East |
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On the positive progress being achieved by the Kingdom's government in the economic and structural reform programs, including the financial measures, the Minister of Finance said that the announcement of the State's general budget for the current year, which was built within the medium term framework according to best international practices, confirms the effectiveness of these reforms, especially since it is considered as the largest planned expanding budget in the history of the Kingdom of Saudi Arabia, where the total planned government expenditures reached SR 978 billion, in addition to spending through the Industrial and Real Estate Development Funds, and through the Public Investment Fund, for which 133 billion Saudi Riyals allocated by focusing on the strategic investment sectors such as housing, transport, infrastructure and basic services.
He also hailed the role of the private sector in this progress, stressing that it receives great attention through the Kingdom's Vision 2030, which aims to be the main engine of economic growth and progress, through stimulus packages provided by the government and the continuous payment of dues without delay as well as the achievement of more facilities in government procedures, and provision of more investment opportunities. |
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