Saudi Arabia's Cabinet in an extraordinary session chaired by Custodian of the Two Holy Mosques King Salman announced on Tuesday SR990 ($264 billion approximately) budget for 2021. Approving the budget in his speech, King Salman said that the spending in the budget is SR990 billion, and the revenues are expected to be at SR849 billion, with an estimated deficit of SR141 billion, representing 4.9 percent of the GDP. "The march of development continues in our country amid the coronavirus pandemic. This year was one of the most difficult periods in world history and required exceptional measures," the Custodian of the Two Holy Mosques said. He added: "We issued directives to give priority to protecting the health and safety of citizens and residents in this budget and to continue efforts to limit the effects of the pandemic on our economy. — SG
