EXPRO sees remarkable results, yields $200 per each dollar allocated: Al-Jaadan

Minister of Finance Mohammed Al-Jadaan

Financial reforms are indispensable for any nation seeking to cultivate economic adaptability, Minister of Finance Mohammed Al-Jadaan stated. He pointed to the establishment of the Expenditure & Project Efficiency Authority (EXPRO) in Saudi Arabia as an exemplary model of this principle, acknowledging its impressive results.

Speaking at a panel at the World Economic Forum, Al-Jadaan emphasized that EXPRO achieved a remarkable return on investment (ROI), significantly exceeding the target. It generated a yield of $200 for every dollar allocated under its budget, surpassing the anticipated return of $100.

EXPRO focuses on enhancing the efficiency of government operations rather than altering established strategies or objectives, according to the minister.

He highlighted that investing in government spending efficiency yields significant returns and outcomes, urging all nations to prioritize such investments.

Al-Jadaan stressed the critical role of private sector partnerships in bolstering spending efficiency. He pointed to the substantial growth of private sector investments' contribution to the Kingdom’s GDP, soaring by more than 54% between 2017 and 2024.