Royal Decree on State’s General Budget for Fiscal Year 2020

Riyadh, Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud issued a royal decree today on the State's General Budget for the Fiscal Year 2020, stating the following:First: State's revenues are estimated and expenditures are approved fo...

Riyadh, Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud issued a royal decree today on the State's General Budget for the Fiscal Year 2020, stating the following:

First: State's revenues are estimated and expenditures are approved for the fiscal year 2020 according to the following:

1- Revenues are estimated at 833,000,000,000 Saudi Riyals.

2- Expenditures are approved at 1,020,000,000,000 Saudi Riyals.

3- Deficit is estimated at 187,000,000,000 Saudi Riyals.

Second: Revenues shall be levied according to financial regulations and all to be deposited in the current account of the Ministry of Finance at the Saudi Arabian Monetary Agency (SAMA).

Third: Expenditures are disbursed according to the State's General Budget and relevant instructions.

Source: Saudi Press Agency