Custodian of the Two Holy Mosques Chairs Cabinet's Session Approving State's General Budget 3 Riyadh

  • 2/25/2023
  • 15:52
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As a result, the government decided to invest these successes, expand development and adjust the fiscal balance program to be the year of balance (2023). While maintaining fiscal policies, including the level of debt to GDP to remain below (30%) with a level of deficit to be gradually decreased. This budget continues to disburse on various development sectors in all regions of the Kingdom at high rates, thankfully. It also includes allocations for housing, and a large expenditure of government funds that would contribute to push the economic wheel forward, and provide more employment opportunities for male and female citizens. We have directed ministers and all officials to raise the level of performance, develop government services and enhance the efficiency of expenditure and transparency to meet the aspirations and the satisfaction of male and female citizens for the services provided to them as well as to reflect the desired objectives of the allocated amounts in this budget, and the emphasis on continuing to fight corruption and maintain public money. I have taken into consideration the continuation of work towards comprehensive and balanced development in all regions of the Kingdom, without any distinction. We thank Allah Almighty for the blessing of security and stability, confident in the success and help of Allah Almighty, and depend on it, and look forward to continuing the path of economic growth and comprehensive development. May peace, mercy and blessings of Allah Almighty upon you. --More 18:21 LOCAL TIME 15:21 GMT www.spa.gov.sa/w568217

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