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  • 01-02-21

    Saudi Ministry of Finance finalizes payment for all orders from public, private sector

    (MENAFN)A ministerial statement declared that the Ministry of Finance (MoF) finalized the payment procedures for all payment orders delivered from the public and private sector with an amount of SR 1.02 trillion (USD266.4 billion) in the previous year.

    Expenditure for the public sector reached at SR 764.6 billion, while the same for the private sector came on at SR 251.8 billion (about USD 67,075,100 billion).

    Over 73 percent of the private sector’s amount of expenditures was given out within 15 days of receiving payment orders; 19 percent was disbursed within 30 days; and 7 percent) was disbursed within 45 days.

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