2018 State Budget was prepared in light of local and global economic developments. It is considered the largest expenditure expansionary budget in the history of the Kingdom, despite the decline in oil prices by half from previous years. This budget made the citizen at the top of its priorities. Moreover, it reflects the success of the government's efforts to improve the financial balance, since half of the budget expenditure came from non-oil revenues and debt securities issuance. It also considers the private sector as a key partner in development through supporting it with various stimulus packages that boosts the economy and generates more jobs for citizens.
Last Update :
11/25/2020 5:20 PM