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Financial and Economic Dictionary

A collaborative initiative uniting 11 partners from the government sector, this dictionary is built to serve as a unified reference and vital knowledge hub for specialists and enthusiasts alike. It aims to enhance financial literacy, support the Kingdom's development process in light of Saudi Vision 2030, at a time when terminology is no longer just a linguistic tool, but have become pillars of knowledge on which policies are built, legislation is formulated, and dialogue between specialists, decision-makers and relevant authorities in the financial sector is managed.

Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms

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Most searched terms

Macroeconomic

A branch of economics that studies economic phenomena at the level of a country or the world like inflation, unemployment, economic growth and national income.

Disbursed Payment Order

The disbursed payment order in the financial system by which transfer or ministerial check is issued.

Deviation of Revenue from the Budget

This indicator measures the ratio of actual government revenue to the target to limit potential deviations in revenue for each entity in order to enhance the principle of financial responsibility and encourage government agencies to reach their financial targets.

Oil Revenues

Income generated by a country from the sale of oil and oil-related products, which can be a significant source of revenue for oil-producing nations.

Short Selling

The practice of selling borrowed stocks with the expectation of buying them back at a lower price.

Date of Awarding

The date of awarding the contract to the supplier.

Tokenization

The process of converting rights to an asset into digital tokens on a blockchain.

Development

The process of growth, advancement, or progress, often in the context of economic, social, or infrastructure improvements or expansion.

Project Evaluation

A process or measuring a project, program, investment, or performance to determine its effectiveness, efficiency, and achievement of objectives.

Deferred Cost

The remaining of the costs minus the total appropriations for the current year.

Asset Allocation

An investment strategy that distributes assets across different categories (stocks, bonds, etc.) to balance risk and return.

Treasury Single Account (TSA)

An aggregate account based on centralizing collection of government revenue and centralizing payment to government entities.

Debt Service Schedule (DSS)

A comprehensive plan that details the timing and amount of principal and interest payments required to service a debt over its life.

Baseline Cash Flow Forecast

An initial projection of expected cash flows for the fiscal year, aligned with the approved budget.

Cash Balance

The current financial amount of money available in specific accounts.

Item Number

The revenue, expenditure, program or project number found in the budget report, based on the Government Finance Statistics Manual classification.

Audit Log

A chronological record of all activities, transactions, and changes related to a financial operation or set of data, essential for transparency and accountability.

Customized Budget Scenario

A financial plan in which the credits required for the next year in the forms may be higher or lower than the initial ceiling, as determined by the entity.

Person in Charge

The minister, the head of the government department, or the head of the independent department.

Net Present Value (NPV)

The difference between the present value of cash inflows and outflows of an investment.

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