On next year, the HRH Crown Prince discloses that the PIF expenditure will lead to more economic development and create more job opportunities for citizens and help the private sector in order to open new fields of investment. He pointed out that the budget includes provisions for more housing products in addition to support seven hundred thousand homes with fiber optic network in order to provide telecommunication services helping citizens to obtain more services through high-speed internet. HRH Crown Prince Mohammed bin Salman pointed out that the economic reform programs under the Kingdom Vision 2030 achieved tangible outputs where %50 of this year's budget is funded by non-oil sources and income, including non-oil revenues, in addition to proceeds of debt instruments, lauding efforts exerted by all governmental ministries and commissions to rise the efficiency of expenditure and to provide funds through adoption of the most efficient and developed work methods in the government sector. "These developments are tangible evidence of the progress made in this framework and also affirm the need to continue pursuing financial sustainability and economic diversification in order to reduce our dependence on one key source of income," the HRH Crown Prince said. He lauded the reduction of the budget deficit for the current fiscal year by more than %25 compared to the previous fiscal year, despite the increase in expenditure. He pointed out that the government seeks to reduce the deficit in the coming budget to be less than %8 of the GDP in spite of the large and expansionary volume of the budget. --SPA 20:02 LOCAL TIME 17:02 GMT www.spa.gov.sa/w568477