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FinancialNews


  • 10-12-19

    Saudi Arabia's Cabinet to hold meeting to approve 2020 state budget

    (MENAFN) According to Alekhbariya TV, Saudi Arabia's Cabinet will launch an emergency gathering to approve the 2020 state budget.


    The Ministry of Finance said in its pre-budget statement that, the Kingdom's costs for the 2020 state budget is forecast to arrive at SAR 1.020 trillion, with expected income of SAR 833 billion.


    Income for the present year 2019 is estimated at SAR 917 billion, with predicted costs of SAR 1.048 trillion, as the budget deficit is likely to reach SAR 131 billion.

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