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  • Ahmed Saleh

King Salman presides over Cabinet session reviews and approves 2024 budget

Riyadh, December 06, 2023, Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud presided over a Cabinet session focused on the state's general budget for the fiscal year 1445/1446 Hijri (2024). The Cabinet thoroughly reviewed the budgetary items and made decisive decisions regarding the financial plan.

Key Highlights of the Approved Budget:

1. Revenues: Estimated at SAR 1,172,000,000,000 (One Trillion One Hundred Seventy-Two Billion Saudi Riyals).

2. Expenditures: Approved at SAR 1,251,000,000,000 (One Trillion Two Hundred Fifty-One Billion Saudi Riyals).

3. Deficit: Estimated at SAR 79,000,000,000 (Seventy-Nine Billion Saudi Riyals).

King Salman directed ministers and officials to actively commit to implementing the outlined development and social programs and projects included in the budget. The approved budget reflects the Kingdom's continued commitment to fiscal responsibility, economic stability, and the ongoing pursuit of development initiatives for the benefit of its citizens and the overall well-being of the nation.

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