Royal Decrees on State's Budget for Fiscal Year 1437 - 1438 H. 4 Riyadh The Third royal decree dealt with the revenues and expenditures of governorates and municipalities for the fiscal year 1437/1438 H. as follows: First: The expenditures of governorates and municipalities for the fiscal year 1437-1438 H. are estimated at SR 26,313,931,000 Saudi Riyals. Second: The revenues of governorates and municipalities for the fiscal year 1437-1438 H. are estimated at SR 6,047,960,000 Saudi Riyals. Third: The difference between direct revenues and expenditures amounted to SR 20,265,971,000 Saudi Riyals shall be approved in the State's general budget. Fourth: The expenditures shall be disbursed in accordance with the applicable financial regulations and instructions. Fifth: Governorates and municipalities shall levy their revenues in accordance with applicable regulations and instructions and the concerned bodies shall follow-up the implementation of this. Sixth: The budgets of governorates and municipalities shall be subject to items third, sixth, seventh, eighth, ninth, tenth, eleventh, twelfth, thirteenth, and fourteenth of the royal decree No. (M/ ) dated 17/3/1437 H. endorsing the State's general budget for the fiscal year 1437/1438 H. Seventh: Auditing bodies shall follow up application of the rulings of relevant regulations, decisions and instructions. Eighth: The Minister of Finance shall issue the necessary instructions for implementation within regulations set forth in this Decree. Ninth: The Deputy Premier, the Minister of Municipalities and the Minister of Finance shall each implement this decree according to his liability. --More 18:15 LOCAL TIME 15:15 GMT www.spa.gov.sa/w