BREAKING NEWS | Saudi Budget 2021: Revenues Estimated At 849 Billion Riyals, Spending At 990 Billion Riyals

RIYADH – – Saudi Arabia has announced its budget for 2021, with revenues estimated at 849 billion riyals for the coming year.

Saudi Arabia’s King Salman confirmed that approved expenditures in the Kingdom’s budget for 2021 will amount at 990 billion riyals, and an estimated deficit of 141 billion riyals, representing 49 percent of the GDP.

‘We have directed that the budget give priority to protecting the health and safety of citizens and residents, and to continue efforts of the pandemic on our economy’ says Saudi Arabia’s King Salman while announcing the budget.

‘We have also directed the continuation of work to stimulate economic growth, develop services, support the private sector and preserve the jobs of citizens in it, and implement housing programs and projects, and development projects that provide more jobs opportunities for citizens’, he added.

Last September, the Kingdom’s Finance Ministry announced a preliminary statement of the estimated budget for 2021, with public revenues estimated at 846 billion riyals, and expenditures at 990 billion riyals.

Saudi Arabia said at the time it plans to cut spending by 7.5 percent in next year’s budget to 990 billion riyals ($263.94 billion) but expects the economy to return to growth as its management of the coronavirus crisis improves, a preliminary budget statement showed. 

Saudi Arabia’s King Salman, Crown Prince Donate Total of $7.9 Mln To Charity

Saudi Arabia’s King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman have donated a total of $7.9 million (SR 30 million) to charity through the Kingdom’s Ehsan Platform, the Saudi Press Agency (SPA) reported on Friday. King Salman donated $5.3 million (SR20 million) for charitable and non – profitable works, while the Crown Prince contributed … More Saudi Arabia’s King Salman, Crown Prince Donate Total of $7.9 Mln To Charity

U.S. Imposes Wide Array Of Sanctions On Russia For ‘Malign’ Actions

The Unites States on Thursday imposed a boar array of sanctions on Russia to punish it for election interference, cyber – hacking, bullying Ukraine and other ‘malign’ acts. The measures blacklisted Russian companies, expelled Russian diplomats and placed limits on the Russian sovereign debt market in steps sure to anger Moscow. Among the actions, President … More U.S. Imposes Wide Array Of Sanctions On Russia For ‘Malign’ Actions

Queen Elizabeth Returns To Royal Duties Four Days After Her Husband’s Death – PM Media

Britain’s Queen Elizabeth return to royal duties on Tuesday, four days after the death of her husband, Prince Philip, in an event to mark the retirement of her household’s most senior official, PA Media reported. The queen hosted a ceremony as the Earl Peel stepped down as Lord Chamberlain, the report added. Philip, who has … More Queen Elizabeth Returns To Royal Duties Four Days After Her Husband’s Death – PM Media

Saudi Arabia’s Ithra Celebrates Ramadan With Cultural Events, Activities

Saudi Arabia’s King Abdulaziz Center for World Culture (Ithra) is celebrating the holy month of Ramadan with a wide selection of cultural events and interactive activities. Ithra is offering visitors a chance to take part in events focused on national traditions and  Saudi Arabian heritage, as well as different interactive workshops. The centre’s Ramadan program also includes a collection … More Saudi Arabia’s Ithra Celebrates Ramadan With Cultural Events, Activities

Britain’s Prince Philip Has Died

Prince Philip, the husband of Queen Elizabeth who played a leading  figure in the British royal family for almost seven decades, has died aged 99, Buckingham Palace said on Friday. The Duke of Edniburgh, as he was been y his wife’s side through her 69-year  reign, the longest in British history, during which time he … More Britain’s Prince Philip Has Died

Former Secretary Of State Pompeo To Join Fox News Media

Former U.S. Secretary of State Mike Pompeo will join Fox News Media as a contributor, the news network controlled by media baron Rupert Murdoch said on Thursday. Pompeo is the latest former Trump administration official to join the network. Other notable names include former White House secretary Kayleigh McEnany and Trump’s top economic adviser Larry … More Former Secretary Of State Pompeo To Join Fox News Media

Saudi Arabia’s Crown Prince Announces Opening Of Sakaka Power Plant

Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka IPP PV power plat, the Kingdom’s first renewable energy project, the Saudi Press Agency (SPA) reported on Thursday. The launch of the Sakaka IPP PV and the signing power purchase agreements (PPA) for seven new projects are the result of King Salman’s … More Saudi Arabia’s Crown Prince Announces Opening Of Sakaka Power Plant

Loading…

Something went wrong. Please refresh the page and/or try again.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s