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Saudi Arabia Has Revealed The Budget For 2019 And It’s Considered The Country’s BIGGEST Yet
Saudi Arabia’s annual budget for 2019 was released earlier this week and it has been making headlines.
The coming year’s budget is considered the kingdom’s largest yet
The country is estimated to spend 1.106 trillion riyals next year – a 7 percent increase from its 2018 budget.
But it’s not a bad thing- far from it, in fact. The government’s spending is expected to increase economic growth (especially of the private sector).
This is part of the Kingdom’s efforts to diversify its economy under Vision 2030
Saudi’s Energy, Industry and Mineral Resources Minister Khalid Al-Falih has also stated said the kingdom’s 2019 budget will allocate 33 billion riyals to various sectors.
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