The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz has issued royal decrees on the budget's revenues and expenditures estimating the state's revenues at SR 390 billion for fiscal year 1426/1427H. The decree details as follows: 1- The expenditures amount to SR 335 billion for the fiscal year 1426/1427H. 2- Revenues should be levied in accordance with financial regulations and deposited in a current account of the Ministry of Finance at Saudi Arabian Monetary Agency. 3- The Minister of Finance is authorized to add the required expenditures on projects financed from the surplus of revenues of fiscal year 1424/1425H and surplus of 1425/1426H. 4- Expenditures should be spent in accordance with the budget and relevant instructions. 5- The surplus of the budget should be appropriated for the settlement of the general debt. In case of a deficit in the budget, the Minister of Finance is authorized to borrow for its settlement. 6: A- Transfers among appropriations of the budget's branches and articles should be according to a joint decision by the concerned minister and the minister of finance. B- Transfer between items of the first and the second article should be in accordance with the concerned Minister's decision. --More 2112 Local Time 1812 GMT
