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 Pif Launches An Initiative Of 200 Mln Euros To Develop Africa’s Sahel

Saudi Arabia’s Crown Prince Mohammed bin Salman announced during a summit held in France to help finance Africa’s post – pandemic recovery that the Saudi Public Investment Fund is launching a initiative of 200 million euros to develop the Sahel region countries, in partnership with the French Development Agency, according to a statement released by … More Saudi Arabia’s Pif Launches An Initiative Of 200 Mln Euros To Develop Africa’s Sahel

UAE Expresses Strong Disapproval Of ‘Disgraceful, Racist’ Statements Of Lebanese

The United Arab Emirates Ministry of Foreign of Foreign Affairs and International Cooperation expresses its strong disapproval of the ‘disgraceful and racist statements made’ by Lebanon’s caretaker Foreign Minister Charbel Wehbe which offered Saudi Arabia and the Gulf Cooperation Council countries, according to a statement released by WAM. Lebanese Foreign Minister Charbel Wehbe threatened to … More UAE Expresses Strong Disapproval Of ‘Disgraceful, Racist’ Statements Of Lebanese

Saudi Arabia Summons Lebanese Ambassador Over FM’s ‘Shameful Comments’

Saudi Arabia’s foreign ministry summoned on Tuesday the Lebanese ambassador in Riyadh and handed him a memorandum of protesting against the Lebanese ambassador’s ‘shameful comments’ toward the Kingdom, the official SPA repored. Lebanese Foreign Minister Charbel Wehbe threatened to stoke new tensions in a television interview on Monday, when he appeared to blame the Gulf … More Saudi Arabia Summons Lebanese Ambassador Over FM’s ‘Shameful Comments’

Germany’s Merkel, Jordan’s King Support Mideast Ceasefire

German Chancellor Angela Merkel spoke by video conference to Jordan’s King Abdullah on Tuesday about the escalating violence in the Middle East, with both backing efforts to reach a ceasefire, Merkel’s spokesman said.  ‘Both agreed that initiatives for a speedy ceasefire should be supported in order to create the conditions for the resumption of political … More Germany’s Merkel, Jordan’s King Support Mideast Ceasefire

Saudi Sovereign Fund PIF Boosts U.S. Equities Exposure To Over $15 Bln

Saudi Arabia’s sovereign wealth fund has increased its U.S. stock holdings to $15.4 billion in the first quarter from nearly $12.8 billion at the end of 2020, according to a U.S. regulatory filing on Monday. The Public Investment Fund(PIF) bought 2.9 million class A shares in SoftBank Group Corp – backed Coupang Inc., equivalent to … More Saudi Sovereign Fund PIF Boosts U.S. Equities Exposure To Over $15 Bln

UAE Allows Pfizer COVID-19 Dose For Emergency Use in 12 – 15 Year Olds

The United Arab Emirates has approved the Pfizer and BioNTech COVID-19 vaccine for emergency use in children aged 12 – 15, the government said on Thursday, having already permitted its use for 16 years and above. The USE’s health ministry approved its use, the government’s Twitter account said. The U.S. Food and Drugs Administration on … More UAE Allows Pfizer COVID-19 Dose For Emergency Use in 12 – 15 Year Olds

Saudi Arabia’s King Salman, Crown Prince Mohammed Bin Salman Perform Eid Prayers

Saudi Arabia’s King Salman bin Abdulaziz on Thursday morning performed Eid al – Fitr prayers in NEOM, the Saudi Press Agency (SPA) reported. Meanwhile, Crown Prince Mohammed bin Salman performed the prayers in Riyadh, the Kinfdom’s capital. Saudi Arabia had announced that Eid al – Fitr Begins earlier this week on Tuesday. The Eid al … More Saudi Arabia’s King Salman, Crown Prince Mohammed Bin Salman Perform Eid Prayers

Dakar Rally To Take Place Across Saudi Desert In First Week Of January

The 2022 Dakar Rally will take place across the desert of Saudi Arabia between January 2 and 14, it was been announced by Amaury Sport Organisation (ASO) and the Saudi Arabian Automobile and Motorcycle Federation (SAMF) in a virtual presentation on Tuesday night. ‘Welcome for the third time to the Kingdom of Saudi Arabia, the … More Dakar Rally To Take Place Across Saudi Desert In First Week Of January

Erdogan, Putin Discuss Israel Clashes in Call – Turkish Presidency

Turkish President Tayyip Erdogan and Russia’s Vladimir Putin discuss in a phone call tensions in Gaza and Jerusalem, Turkey’s presidency said on Wednesday, as Ankara seeks international action against Israel. Israel carried out hundreds of air strikes in Gaza into Wednesday morning as the Islamist group Hamas and other Palestinian militants fired rocket barrages over … More Erdogan, Putin Discuss Israel Clashes in Call – Turkish Presidency

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