image description
image description
Tell A Friend

FinancialNews


  • 10-12-19

    2020 state budget deficit in KSA around USD49.8 billion

    (MENAFN) According to the Saudi Press Agency, Saudi Arabia informed on Monday that its 2020 state budget shortage is around USD49.8 billion as the budget profits are USD222.1 billion while the payments are USD272 billion.


    Through the weekly Cabinet meeting, the kingdom stressed its commitment to keep on executing economic improvement and diversifying sources of profits.


    The economic transformation adopted by the government is progressing at a stable pace in accordance with the kingdom's Vision 2030, as said in a statement by Saudi Crown Prince Mohammed bin Salman, as he said that the country currently made a remarkable growth in the real GDP growth rates of the non-oil sector.


    He also said that, the government has worked to enable the private sector to play a main part in the economy, with positive indicators and a many of business sectors registering distinctive positive improvement.

    MENAFN1012201900450000ID1099397984

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved