Saudi Establishment: A Century-Long Journey Toward Development and Prosperity
Saudi Establishment: A Century-Long Journey Toward Development and Prosperity
In a historic achievement that carries deep significance for the journey of the Saudi state, Finance Minister Mohammed al-Jadaan recently announced the Kingdom’s success in achieving a budget surplus for the first time since 2013, thanks to the comprehensive economic reforms implemented by the government. This achievement comes within the framework of the Kingdom’s ambitious vision to diversify income sources and enhance financial sustainability.
On the social front, the current year witnessed the launch of a wide package of developmental initiatives, including the allocation of 10 billion riyals to support the housing sector, and the launch of the Developmental Housing Program to increase home ownership rates to 70% by 2030. Additionally, the developed social security system was approved with the aim of improving the living standards of the most needy families.
Key Achievements in the Saudi Establishment:
– Achieving a budget surplus for the first time since 2013
– Allocating 10 billion riyals to support the housing sector
– Launching the Developmental Housing Program
– Approving the developed social security system
– Increasing home ownership to 70% by 2030
Official Statements:
“We are committed to enhancing the social and financial well-being of citizens and providing them with means for a decent life” – Finance Minister Mohammed al-Jadaan
Statistics:
– Budget surplus: First time since 2013
– Housing support: 10 billion riyals
– Targeted ownership rate: 70% by 2030
– Developed social security budget: 25 billion riyals annually
This progress comes within the framework of Saudi Vision 2030, which aims to achieve sustainable development and economic and social prosperity for the country. With the continued implementation of economic and social reforms, the Kingdom is moving steadily toward achieving its ambitious goals in the Saudi establishment.
Source: Saudi Press Agency (SPA)
صحيفة عكاظ اليوم ، موقع إخباري شامل يهتم بتقديم خدمة صحفية متميزة للقارئ، وهدفنا أن نصل لقرائنا الأعزاء بالخبر الأدق والأسرع والحصري بما يليق بقواعد وقيم الأسرة السعودية، لذلك نقدم لكم مجموعة كبيرة من الأخبار المتنوعة داخل الأقسام التالية، الأخبار العالمية و المحلية، الاقتصاد، تكنولوجيا ، فن، أخبار الرياضة، منوعات و سياحة.