Government ‘committed’ to fulfill Vision 2030 goals: Al-Jadaan

The Saudi government is committed to fulfill the goals of the Vision 2030, said Finance Minister Mohammed Al-Jadaan in the currently-convened Euromoney Saudi Arabia 2019.

These goals will eventually lead to a full economic restructuring, and will further promote the Kingdom’s prosperity, boost the private sector’s role and enhance the financial industry services, Al-Jadaan said.

“Most of the Vision initiatives are being implemented; some of them will render short-term results, whereas the long-term goals need more time,” the minister stated.

The Saudi government is applying a number of fiscal reforms aimed at boosting output, operating rates and economic growth, he noted.

“Fiscal policies in the Kingdom are aimed at ensuring financial sustainability, in line with Saudi Vision 2030,” Al-Jadaan explained.

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The Kingdom’s government is proceeding with a number of cost-effective measures, including the new procurement regulations, Al-Jadaan said, highlighting the private sector’s role in boosting the gross domestic product (GDP).