Budget 2022 supports post-pandemic financial and economic goals

Budget 2022 supports post-pandemic financial and economic goals

Riyadh (UNA-OIC) – On the occasion of approving the 2022 budget, Saudi Crown Prince Mohammed bin Salman, deputy premier and chairman of the Council of Economic and Development Affairs (CEDA), stressed that the economic transformation journey adopted by the Kingdom’s government continues to meet the achievements and targets per the directives of Custodian of the Two Holy Mosques King Salman.
The budget was a confirmation of the results achieved from economic and financial reforms aimed at promoting economic growth and financial sustainability towards a vibrant society, a prosperous economy, and an ambitious nation.
The Crown Prince said the government is committed, in the 2022 budget, to the planned spending in the medium term, which was previously announced last year, and expects to achieve budget surpluses for the fiscal year 2022, through completing work on developing the financial planning process and raising spending efficiency, in addition to developing various sources and more stability of government revenues, which supports the objectives of the Financial Sustainability Program, which seeks to complete the march towards enhancing economic stability and sustainability in the medium and long terms.
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