classification of the general budget items in a way that fulfils these goals and ensures the formulation of a framework allowing for the implementation of best accounting rules and the provision of more comprehensive data. 3,500 government employees were trained to implement these practices. The budget for the next fiscal year 1437/1438 is adopted in light of very low oil prices, as average rates for 2015 declined by more than 45 percent from the average of 2014 and continued to decline into 11-year record low in the last few weeks. This budget also comes amid challenging international and regional economic and financial conditions, namely a globaleconomic slowdown in growth. Based on the highly esteemed directives of the Custodian of the Two Holy Mosques to conduct comprehensive economic, fiscal, and structural reforms and to work on strengthening public finances, enhancing sustainability over the medium and long terms and continuing to adopt necessary development projects and services for economic growth, the following measures will be implemented: --More 17:51 LOCAL TIME 14:51 GMT تغريد
