Saudi Arabia remains committed to settling delayed payments: Al-Jadaan

Saudi Arabia is still committed to the timely settlement of all delayed payments, finance minister Mohammed Al-Jadaan told Argaam on Sunday.

“Delayed payment orders should be submitted either to the competent government committee or directly to the finance ministry,” he said, speaking on the sidelines of a press conference held to announce the preliminary budget statement for 2019.

The government is fulfilling all outstanding payments in a timely manner, except those delayed due to insufficient documentation, disputable claims, or other reasons.

King Salman had earlier issued a royal decree forming a committee to tackle outstanding payments and ensure settlement of delayed dues by the finance ministry.

That committee has resolved many pending issues with government entities, settling up to SAR 20 billion in dues owed to various suppliers and contractors, Al-Jadaan added.

Saudi Arabia’s finance ministry received 316,500 payment orders worth SAR 564 billion in the first eight months of 2018, of which 99 percent have been fulfilled, Argaam earlier reported.