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World Expo hosting: Saudi Arabia woos Africa with debt reprieve offers — National Accord Newspaper

The Herald - Breaking news

Saudi Arabia dangles debt reprieve offers as it hunts African vote

Saudi Budget 2024: Anticipated Spending of SAR 1 251 Bn, Revenues of SAR 1 172 Bn

Saudi Arabia’s Finance Ministry has announced a preliminary statement of budget for the fiscal year 2024 with expenditures valued at SAR 1,251 billion and revenues projected to be SAR 1,172 billion. A limited deficit is estimated to be recorded at about 1.9 percent. Finance Minister Mohammed al-Jadaan reaffirmed the Saudi government’s commitment to ongoing structural reforms on both the financial and economic fronts. These reforms aim to foster economic growth, diversify the economy, and sustain economic growth rates while maintaining financial sustainability.

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