Q: What if the price of oil falls below $ 30? A: We expect that the deficit in the second, third, and fourth quarters will not be less than 44%, because we are back and spending again. Q: What if oil returned and fell below $ 30, would we return to austerity and tighten the belt? A: There is no doubt that if we go through a critical stage, we will return to the austerity measures. But today we are working on initiatives that will make us stronger in receiving shocks, and if our initiatives succeed, we will need oil prices below $ 50. This will make us receive strong shocks without taking measures including fighting the belt. Q: After the return of allowances, people began to look at the citizen account that it will not be completed? A: The unified account of the citizen is to compensate the citizen for any rise in the prices of energy, water or the like so that it does not affect the citizen of the middle income and less and the impact be on the foreign or rich citizen. Today, we want to redirect the support to be materially directed to the citizen. Those with middle income or limited income should decide to spend the same amount of money that he or she had previously spent on (energy, water, gasoline or other goods) or reduce its consumption and spend that amount in another. Q: Almost 12 million citizens registered their information. Have you started benefiting from it? A: Now we believe that those who deserve support are less than ten million, or nearly ten million, and the competent authorities are working to determine the final form. Q: Do the ten million include the poor and the middle? A: We try to be as generous as possible, and try to include the largest possible categories, even if they are above the middle in a simple way so that it has a strong impact on the Saudi citizen, but so far the details have not ended, and the competent authorities are working on it and it is presumed that they will end them in the coming months. Q: How will you deal with future unemployment, do you have a number? A: If you notice, it is required from each program of the ten programs that were launched when announced in the next six months to measure the impact of each program on the main indicators of the economy, including the unemployment index, in the next six months we will see the impact of each program on unemployment and how many jobs to be created by the program and what percentage it will affect unemployment, and we expect that the impact of these programs will be very strong to reduce the unemployment rate, and I can only give you real impact at the time of the announcement of each program. Q: How much do you expect the expected increase in public debt in 2017/2018? A: The public debt as announced in the fiscal balance program will not exceed 30%. We target public debt on the GDB 30% and so far we have not reached 30%. There are expectations that even in 2020 we will be less than 30% and the public debt of 30% does not mean a problem. Some countries in the world have GDB up to 50%, some up to 60% and some up to 200%, including G20 countries. If we look at the big countries, the five major economies have a public debt of more than 30%. It is healthy for the Saudi economy to have a percentage of debt, which means that we have opportunities for development programs on which we spend money. We have two options: to spend and continue to develop and create jobs and opportunities and create private sector opportunities, or stop spending. Our debt reduction ratio is very simple, and this gives us a comparative advantage that we can rise to international rates and continue to spend. Q: How do you see the future of the Public Investment Fund over the next three years? Will its investment be internal or internal and external? A: The Public Investment Fund is one of the most important pillars of Vision 2030. We have several opportunities to develop the size of the Public Investment Fund: 1- Unutilized assets, and a lot of assets were entered in the Public Investment Fund and some of which have been seen or announced, and these will be reflected in the size of the Fund and the size and value of the Fund and the profits of the Fund. 2. We have heard that some of the reserves that are not needed by the state's finance have been transferred to the public investment fund; perhaps 100 billion riyals several months ago, also there is a restructuring of the public investment fund companies so that their performance and growth and profits are better than the previous, All this will increase the size of the Public Investment Fund (PIF) including the initial public offering of Saudi Aramco. --More 23:45 LOCAL TIME 20:45 GMT www.spa.gov.sa/w391588
مشاركة :