HRH Crown Prince added that the year 2015 was a very difficult year to implement a small part at that time of restructuring the government to establish the Council for Economic, Development, Political and Security Affairs by restructuring some sectors and some ministries, appointing new ministers and appointing deputy ministers and undersecretaries. I mean, for example, I remember one of the most important things that we did at the end of 2015 that In each ministry we classified the 20 most important leaders and began to classify those in the green, yellow, or red range, of these leaders, 90% in the red and yellow range and only 10% in the green range. How do we work and change all these cadres to turn 70% into a green zone in order to achieve what we need, and it does not mean establishing a political security council or establishing an economic and development council that the issue has ended and thus the restructuring has been done. You need institutional work within the country. So we started to establish a strategy office for the Council of Economic and Development Affairs in the Strategy Committee under my chairmanship under the Council of Economic Affairs to translate the vision and set strategies for each housing, energy, industry, quality of life and other strategies and programs that were established in the vision. We worked to establish a state's budget work office so that the Ministry of Finance has the treasury to spend as usual. And a financial committee has been established headed by the Ministry of Finance, which meets every two weeks once to align the strategy, and now we are about to finish the policy office at the state's center. HRH Crown Prince added, "When the vision sets goals and this thing that we can achieve, these opportunities and capabilities that we have, whether human, natural, economic and financial resources in the Kingdom of Saudi Arabia translate these strategies and may cost in a budget year 2 trillion riyals going to the financial office of the Finance Committee, and the financial office works and says my ability to preserve the state’s finances is that I spend from 800 to one trillion Saudi riyals back to the Strategy Office and set the priority of strategies and postpone some of them and reduce the costs of some until we reach the appropriate financial alignment for the coming years and then translate into policies. Policies today are translated through committees, but in the future through a specialized office that will be established at the end of this year and turned into orders for ministries to implement the strategy prepared with a role and a clear target for each ministry to coordinate and distribute tasks to all ministries to achieve each desired goal, this work took almost three years from 2016 to 2018. And from here we started to proceed, if you notice 2016, 2017, 2018 , the achievements were very weak compared to 2019, in which most of economic and service achievements were made. And I am not worried that there will be something that we see this year, I made a great effort in establishing it, and we achieve 70% to establish a state center with high efficiency, and the remaining 30% will be completed in the next year and a half. On the question of how he chooses his work team, HRH Crown Prince affirmed that there is no doubt that competence and ability, etc., are essential, but the most important thing is the passion of the official and the responsible for what should be in a particular position. This is his personal issue, the passion for him, like Prince Abdulaziz bin Turki Al-Faisal, he is interested in sports and is worthy of this position, but the issue of sports is his personal issue. Passion is the greatest motivation for an official to move as much as possible. If there is an official without passion for the work he is doing, it is difficult to achieve very large goals and aspirations. You can see the same thing for many ministers, if any name is put forward, I can give you where his passion came from and why he wants to achieve in every sector he works in. Regarding the revenues of the Public Investment Fund in 2025 and 2030, HRH Crown Prince stated that the revenues of the Public Investment Fund to the State Treasury are now zero, and the goal of public investments is to grow and to provide a very large fund so that after 2030 it becomes a tributary of the state's revenues, and today we do not want to consume the Public Investment Fund and transfer profits for the state budget at the expense of the fund's growth, such as what I mentioned, the goal changes within the Public Investment Fund, and it will be officially announced to ten trillion riyals in 2030, so our main focus is the growth of the size of the Public Investment Fund and this is what happened in nearly four years. It grew by 300% and in the next five years it will grow by 200% and, God willing, in 2030 we will reach ten trillion, after which we will adopt a policy according to the situation at that time. How much revenue will we spend from the Public Investment Fund will not exceed 2 and a half percent of the fund’s size in order to maintain the continuity of the fund’s growth. --More 20:27 LOCAL TIME 17:27 GMT 0029 www.spa.gov.sa/w1550473
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