Saudi Cabinet convenes today to approve 2020 state budget

09/12/2019 Argaam

 

Saudi Arabia’s Cabinet will hold an emergency meeting today to approve the 2020 state budget, Alekhbariya TV said.

 

The Kingdom’s expenditure for the 2020 state budget is forecast to reach SAR 1.020 trillion, with estimated revenue of SAR 833 billion, the Ministry of Finance had earlier said in its pre-budget statement.

 

Revenue for the current year 2019 is projected at SAR 917 billion, with estimated expenditures of SAR 1.048 trillion. The budget deficit is expected to hit SAR 131 billion.

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