কি আছে ২০২২ সালের বাজেটে,সৌদির বিশাল বাজেট ঘোষণা,প্রবাসীদের কাজ বাড়বে
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Saudi Arabia’s Council of Ministers on Sunday approved the general budget for the fiscal year of 2022, with an estimated total revenues of SR1045 billion and spending of SR955 billion. Custodian of the Two Holy Mosques King Salman chaired the virtual session of the Cabinet that endorsed the budget with a surplus amounting to SR90 billion, the Saudi Press Agency reported.
At the outset of the Cabinet session, King Salman announced the budget in a speech in which he said: “With Allah’s blessing, we announce the budget of the fiscal year 2022 after the Kingdom’s overcoming of the economic repercussions and the exceptional phases of the coronavirus (COVID-19) pandemic. The Kingdom has been continuing its economic and financial reforms in line with the Saudi Vision 2030 by which we aim to place further attention on the security and health of citizens and residents, as well as on human development, the continuation of economic growth and diversity, and financial sustainability.”
The minister noted that Saudi Arabia’s economy is witnessing progressive growth in the role of economic drivers that support the private sector, where top economic drivers include the effective development contribution of projects and programs that are implemented by the Public Investment Fund and the National Development Fund, in addition to the progress achieved in implementing the National Industrial Development and Logistics Program (NIDLP), National Investment Strategy, Shareek (partner) Program, and Financial Sector Development Program and privatization. He also referred to the remarkable growth in the performance of activities till the third quarter of 2021, which reflects the continuous gradual recovery that was accompanied with high rates of immunization against the COVID-19 virus and contributed to alleviating more precautionary procedures adopted in the Kingdom.
Crown Prince: Budget confirms outstanding results of reforms
Crown Prince Muhammad Bin Salman, deputy prime minister and chairman of the Council of Economic and Development Affairs (CEDA), has stressed that the economic transformation journey adopted by the Kingdom’s government continues to meet the achievements and targets per the directives of the Custodian of the Two Holy Mosques King Salman.
“The budget was a confirmation of the results achieved from economic and financial reforms aimed at promoting economic growth and financial sustainability towards a vibrant society, a prosperous economy, and an ambitious nation,” he said while commenting on the state general budget in a statement carried by the Saudi Press Agency.
The Crown Prince stated that the government is committed in the 2022 budget to the planned spending in the medium term, which was previously announced last year, and expects to achieve budget surpluses for the fiscal year 2022.
This is through completing work on developing the financial planning process and raising spending efficiency, in addition to developing various sources and achieving more stability of government revenues, which supports the objectives of the Financial Sustainability Program, he said while noting that this program seeks to complete the march towards enhancing economic stability and sustainability in the medium and long terms.
“The financial and economic results and indicators confirm that we are progressing positively, as the coming year’s budget comes amid a global climate characterized by great challenges in light of the repercussions of the COVID-19 pandemic, and great local ambitions, but in a financially disciplined framework that focuses on the efficiency and effectiveness of directing government spending and utilizing available resources to achieve the best return from them, while maintaining financial stability as a fundamental pillar of sustainable growth.”
The Crown Prince reiterated that the economic recovery, initiatives, and policies of financial control, and the development of public financial management and its efficiency contributed to sustaining the reduction of the budget deficit while maintaining the achievement of the main objectives of the Vision 2030, and it is expected that the deficit in 2021 will reach around 2.7 percent of GDP compared to 11.2 percent in 2020, which was affected by the pandemic.
“While we expect to achieve financial surpluses that may exceed 2.5 percent of GDP in 2022, these surpluses will be used to increase government reserves to counter the needs posted by the pandemic, as well as to strengthen the Kingdom’s financial position, and boost its capabilities to face global shocks and crises.”
