Saudi Arabia calls for equitable climate financing at UNHRC    NCM Forecast: Dust storms expected across Saudi Arabia until next week    SR200,000 fine for Saudi and Egyptian in cover-up case    PIF assets soar to $1.15 trillion in 2024    Saudi Arabia advances 14 places to 13th rank in IPR Enforcement Index globally    Hundreds of families displaced by wave of Israeli air strikes on Gaza, witnesses say    Republican Senator Thom Tillis to leave Congress after clash with Trump    Car bomb attack in Pakistan kills at least 13 soldiers    One of Hong Kong's last major pro-democracy parties disbands    Saudi Arabia imposes final anti-dumping duties on imports of steel pipes from China and Taiwan    Iranian Army Chief calls Saudi Defense Minister to discuss regional stability    Saudi Arabia's net FDI jumps 44% to SR22 billion in Q1 2025    Historic Jeddah's visual identity re-imagined through global art installations at Al-Arbaeen Lagoon    Saudi Arabia exit Gold Cup after quarterfinal defeat to Mexico    Al Hilal land in Orlando ahead of Club World Cup clash with Manchester City    Cristiano Ronaldo says the past is over and this season will be Al Nassr's    Al Hilal suffer injury blows ahead of Club World Cup match with Manchester City    Brad Pitt's Los Angeles home 'ransacked', police say    Tehran Symphony Orchestra holds free concert to honor Iranians killed in conflict with Israel    49% of Saudi internet users spend 7 hours a day online    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Crown Prince highlights the channels of spending the expected
Published in Saudi Press Agency on 11 - 08 - 2004

As much as 41 billion Saudi Riyals of the forthcoming state budget's surplus will be allocated for the welfare of
citizens, Crown Prince Abdullah bin Abdulaziz, the Deputy Premier and Commander of the National Guard, was quoted today as saying.
In an exclusive interview with the Saudi Press Agency (SPA), Crown Prince Abdullah also said the bulk of the surplus, levied from unexpected
oil price hikes, will go to settling government's public debt.
Speaking in more details, he said 30 billion Saudi Riyal of the surplus will be appropriated for expenditure on social and economic sectors
over five years. Those sectors include water, sewage and flood discharge projects, speed highways and roads inside and outside cities and villages,
primary health welfare programs, school building and rehabilitation, technical and technological education programs, and housing projects, the Crown
Prince told SPA.
Also out of the surplus, 3 billion Saudi Riyal will also be appropriated for soft loans to finance small and medium Saudi private businesses,
he added.
In conclusion, Crown Prince Abdullah advised all citizens to reward the generosity of their government through showing increasing interest and
dedication in public work and availing themselves of the opportunities created by the Saudi economy.
--More
2215 Local Time
1915 GMT


Clic here to read the story from its source.