23 C
Agartala
Wednesday, February 21, 2024

Saudi approves 2023 budget with 4.26-bn-USD surplus

Date:

The Saudi cabinet approved the state budget with a surplus of 16 billion Saudi riyals (4.26 billion US dollars).

The budget was approved during a cabinet session led by Saudi Arabian King Salman bin Abdulaziz Al Saud, the Saudi Press Agency reported on Wednesday.

The budget includes revenues of 1.13 trillion riyals and spending of 1.114 trillion riyals.

Saudi Arabian Crown Prince Mohammed bin Salman Al Saud said the 2023 state budget aims to prioritize spending on capital projects according to regional and sectoral strategies, expecting the surplus to be about 2.6 per cent of the GDP.

He said the surplus achieved in the budget would be directed to strengthening government reserves, supporting national funds, and strengthening the financial position of the kingdom.

Share post:

Subscribe

Adspot_imgspot_img

Popular

More like this
Related

CM urges citizens to spread knowledge by gifting books

BY TC News Desk  Agartala, 21st February 2024:  Chief Minister...

Thieves looted spices company at Bishalgarh

BY TC News Desk  Agartala, 21st February 2024:  In a...

Miscreants destroyed vegetable land in Sonamura

BY TC News Desk  Agartala, 21st February 2024:  The miscreants...

CM extends CM-JAY registration at Mukhyamantri Samipeshu

BY TC News Desk  Agartala, 21st February 2024:   Chief Minister...