Islamophobia threatens global peace and coexistence, not just Muslims, says MWL chief at UN    Power bank likely caused South Korea plane fire, investigators say    Gold prices hit $3,000 for the first time as investors push the panic button    Hungary drops veto and agrees to prolong EU sanctions on Russian individuals    China hits out at 'threats of force' on Iran as Trump pushes for new nuclear deal    Makkah Lanterns Festival returns for the eighth year as part of Ramadan activities    Crown Prince receives Yazeed Al-Rajhi after historic Dakar Rally 2025 victory    SR17 million fines slapped on 16 individuals and companies convicted of violating Capital Market Law    Saudi Arabia welcomes border agreement between Tajikistan and Kyrgyzstan    Saudi ambassadors take oath before Crown Prince    16 endangered species released into AlUla's Protected Areas    Saudi Crown Prince reaffirms support for a political solution to Ukraine crisis in call with Putin Putin praises Saudi Arabia's constructive role and mediation efforts    NCM forecast: Thunderstorms to hit most Saudi regions until Monday    Saleh Al-Shehri's late penalty rescues Al Ittihad against Al Riyadh    Grand Mufti rules against posting prayers and preaching in mosques on social media    Man lives for 100 days with titanium heart in successful new trial    Argentinian court begins trial of seven healthcare professionals over Maradona's death    Al Hilal crushes Pakhtakor to storm into AFC Champions League quarter-finals    Singer Wheesung who wooed Korea with his ballads, found dead at 43    Prince Frederik of Luxembourg dies from rare disease    Real-life shipwreck story wins major book award    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    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.



On behalf of Custodian of the Two Holy Mosques, Crown Prince Chairs Cabinet's Session to Approve State's Budget 4 Riyadh

Khudairi said that the Minister of Finance gave a brief presentation on the state budget in which he explained the financial results for the current financial year 1435/1436 AH and reviewed the main features of the general budget of the state for the new fiscal year 1436/1437 AH, and the developments of the national economy. The minister explained that the next fiscal year 1436/1437 budget was adopted under international economic and financial conditions that are challenging as global economic growth declined from previous levels and the price of oil fell to its lowest level since the 2009 G. as well as instability factors in some surrounding areas, and in line with the kingdom's financial policy opposite to economic cycles to strengthen public finances, enhance their sustainability over the medium and long terms development and ensure the continued adoption of the development and service projects necessary for economic growth with building financial reserves from fiscal surpluses resulting from higher general revenues of the state in some years to take advantage of them when these revenues drop in future years.
The minister said that base on royal directives, the kingdom will continue to invest in projects and programs of development of the sectors of education, health, security, social and municipal services, water and sanitation, roads, electronic transactions, and scientific research support in order to achieve sustainable development for this generation and future generations and to create more job opportunities for citizens, with more efforts to reduce current expenditures especially expenses of salaries, wages, allowances and the like, which represent nearly 50 percent of the approved budget expenditures. Coordination has been forged between the Ministry of Finance and the Ministry of economy and Planning to link the budget with the contents of the tenth development plan starting in fiscal year 1436/1437. The budget included new programs, projects and additional stages for some of the projects that have already been adopted whose total value is about 185 billion riyals. According to practice, the new projects of government bodies will be included on websites of those bodies, and the Ministry of Finance's website.
--More
15:01 LOCAL TIME 12:01 GMT
تغريد


Clic here to read the story from its source.