Saudi Arabia’s public budget achieved revenues amounted to SR 192 billion, along with expenditures amounted to SR 226.2 billion during the first quarter of this year, Al-Bilad newspaper reported in its editorial.
The precautionary measures to confront the coronavirus pandemic required providing an increase support to the health sector, in addition to supporting the private sector and small and medium-sized enterprises (SMEs), the newspaper added in their report.
The paper concluded that the Saudi Arabia’s economy has confirmed its sustainability to confront the implications of coronavirus, which caused unprecedented impacts on global economy.
Meanwhile, Al-Yaum newspaper reported in its editorial that the government of the Kingdom of Saudi Arabia under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and His Royal Highness Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense is firmly moving forward in achieving the goals of the Kingdom’s vision 2030.
The paper added that the first quarterly report of the state’s public budget for the fiscal year 2020 included details of revenues and expenditures, and indicated the economic sustainability and accurate planning, despite the exceptional circumstances due to COVID-19.
The paper concluded that the world is witnessing these days unprecedented health and economic crisis due to the outbreak of the novel Coronavirus Pandemic.