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FinancialNews


  • 16-12-20

    Saudi Arabia proclaims 2021 budget with spending USD 264B

    (MENAFN)On Tuesday, the Kingdom"s policymakers stated that, the Vision 2030 strategy to diversify the economy has assisted Saudi Arabia via the ravages of the Coronavirus outbreak and enabled the prioritization of people"s health.

    "We have directed that the budget give priority to protecting the health and safety of citizens and residents, and to continue efforts to limit the effects of the pandemic on our economy," declared King Salman, announcing the next year budget with spending of SR990 billion (USD 264 billion).

    2020 had been a hard year for the whole world because of the Coronavirus outbreak, "but the Kingdom's economy has proven its ability to withstand its impact," declared Crown Prince Mohammed bin Salman.

    He further said that, "The crisis has been managed with great care and effectiveness, which led to the mitigation of the negative effects on the Saudi economy."

    MENAFN16122020000045011369ID1101288723

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