Saudi Arabia, Japan strengthen cultural collaboration with new MoU    Slovak president meets Saudi delegation to bolster trade and investment ties    Civil Defense warns of thunderstorms across Saudi Arabia until Tuesday    Saudi defense minister meets with Swedish state secretary    Navigating healthcare's future: Solutions for a sustainable system    Sixth foreign tourist dies of suspected methanol poisoning in Laos    Hungary's Orbán vows to ignore war crimes arrest warrant for Netanyahu    Russia gives North Korea million barrels of oil, breaking sanctions: report    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws    Al-Jasser: Saudi Arabia to expand rail network to over 8,000 km    OMODA&JAECOO: Unstoppable global cumulative sales over 360,000 units    Al Hilal doesn't need extra support to bring new players, CEO says    Saudi Arabia sees 73.7% rise in investment licenses in Q3 2024    Rafael Nadal: Farewell to the 'King of Clay'    Indonesia shocks Saudi Arabia with 2-0 victory in AFC Asian Qualifiers    Sitting too much linked to heart disease –– even if you work out    GASTAT report: 45.1% of Saudis are overweight    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



King Salman Chairs Cabinet's Session to Approve the State's Budget
Published in Alriyadh on 29 - 12 - 2015

The Cabinet in its session chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud at Al-Yamamah Palace in Riyadh on Monday approved the State's general budget for the new fiscal year 1437/1438 AH.
The session began with a recitation of verses from the Holy Quran.
The Custodian of the Two Holy Mosques addressed the following speech to citizens in which he announced the budget:
In the name of Allah, the Most Gracious, the Most Compassionate,
Praise be to Allah and peace and blessings be upon our Prophet Muhammad, his family and companions,
My brothers and sisters, male and female citizens,
May Allah's peace, mercy and blessings be upon you.
With the help and guidance of Allah Almighty, we announce today the budget for the fiscal year 1437/1438 AH, which comes in light of the decrease in oil prices and economic, and financial regional and international challenges, where the global economic growth declined from the previous levels, and the lack of stability in some neighboring countries. We direct officials to take this into consideration and give priority to complete the implementation of projects approved in previous budgets, many of which have been under execution.
Brothers and Sisters: We praise Allah Almighty for what has been achieved during the past years of construction and development, and our ambitions are grea , and our economy has potentialities and capabilities enabling it to meet the challenges.
We directed the Council of Economic and Development Affairs to work on launching a comprehensive economic, financial and structural reform program, and this budget represents the beginning of an integrated and comprehensive program of work to build a strong economy based on solid foundations in which the sources of income are diversified, savings are grown, job opportunities are increased, and partnership between the public and private sectors is strengthened, along with the continuing implementation of development and service projects, the development of various government services, raising the efficiency of public spending, reviewing of government support system with the gradual implementation of the efficiency in the use of resources and restricting wasting, taking into account to minimize the negative impacts on middle and low-income citizens, and competitiveness of business sector.
And we direct officials responsible for the preparation of this budget that they should bear in mind to continue work towards the comprehensive integrated and balanced development in all regions of the Kingdom.
We directed officials to implement their duties in the best way and serve citizens, who are in the focus of our attention, and we will not accept any negligence in this regard; and directed for continuation of reviewing the regulations of control systems to ensure the promotion of their authorities, and upgrading their missions and responsibilities to preserve public money and ensure accountability of the negligent.
Our responsibility all is to maintain what our country is blessed by Allah Almighty of security and stability to continue the march of growth and development.
Then the Cabinet's Secretary General Abdulrahman bin Mohammed Al-Sadhan read the decrees on the budget.
The Minister of Culture and Information Dr. Adel bin Zaid Altoraifi said in a statement to Saudi Press Agency following the session that the Minister of Finance presented a summary on the State's budget, during which he explained the financial results for the current fiscal year 1436/1437 AH, and reviewed the main features of the State's general budget for the new fiscal year 1437/1438 AH.


Clic here to read the story from its source.