Thursday, October 29, 2020

Saudi Arabia approves largest financial budget in the history

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

RIYAADH: Saudi King Salman bin Abdul Aziz, the Saudi general budget for the year 2019, has approved spending 1.106 trillion riyals, the largest in the history of the Kingdom of Saudi Arabia.

King Salman has said that the 2019 budget in Saudi Arabia is the largest in the history of the Kingdom, stressing that the budget aims to raise economic growth and spending, as well as focus on the private sector and enhance transparency.

The Saudi monarch revealed that 975 billion riyals is the volume of revenue, up 9 percent from 2018, and that 1.106 trillion riyals is the volume of expenditure, up 7 percent from 2018.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
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