Initiatives supporting economic activities are a requirement to achieve a financial balance which Saudi Arabia depends on, according to a study currently being prepared in the Kingdom. Riyadh is preparing to launch the activities of the 9th session of the Riyadh Economic Forum, the largest scientific gathering for the business sector, which will be held from January 21 to January 23, under the auspices of the Custodian of the Two Holy Mosques King Salman. The forum prepared a study entitled “Public Financial Reforms and their Impact on Economic Development in Saudi Arabia”, indicating that the reforms constitute a major aspect of the overall development system. Public financial reforms within the framework of Vision 2030 are among the main topics discussed during the forum. The study stressed that Saudi Arabia seeks integration between structural reforms whether they were monetary, banking, commercial, or investment. The study considers that strengthening the role of long-term financial reforms will lead to initiatives and will support ongoing economic activities for all mechanisms, in a way that stabilizes the pillars of sustainable development. It noted that efforts are focused to strengthen the elements of the national economy and provide sustainable growth. The study showed that Saudi economies are directly affected by oil prices with 75 percent of its economy based on oil, especially that the Kingdom has about 21 percent of global reserves and about 16 percent of global crude oil. The developments in oil prices clearly reflected on the size of the country’s general revenues, its operating and capital expenditures, and consequently affected the volume of total market demand as a catalyst for economic growth. The study reviews the developments of world oil prices and their economic effects over the past four decades. It also monitors possible scenarios of the Kingdoms economy during a major decline in oil prices for a period of time that may extend for several years and the impact of the sudden decline in response to a crisis or any possible event. The study also considers frequent fluctuations in oil prices and the negative impact on the countrys resources, as well as its ability to continue with its development projects. The study is expected to present a number of recommendations, initiatives, and implementation mechanisms that will be announced during the forum sessions.