Congratulating the Custodian of the Two Holy Mosques and his crown prince on announcing the largest budget in the history of Saudi Arabia

Dr.Fahad AL-Tukhaifi: the budget adopts an “organized planning’’ as a new approach for development   

On his behalf and on behalf of all GASTAT’s employees as well as all the statistical sectors in Saudi Arabia, president of GASTAT, Dr.Fahad Bin Sulaiman AL-Tukhaifi congratulates the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz and his crown prince HRH Prince Mohmmad Bin Salman Bin Abdulaziz on announcing the budget of 1440/1441 H as the largest expenditure budget in the history of Saudi Arabia. Moreover, it reflects the directions of the wise leadership in the country that helped to reduce the budget’s deficit by (4.2%) of GDP.

AL-Tukhaifi confirmed that the budget proves that organized planning is the adopted approach used for development in Saudi Arabia at the present time and for the future as well. In addition, numbers that were included in the budget were achieved by organized planning, remarkable procedures, and a clear vision and aim. He added that the speech of the Custodian of the Two Holy Mosques during the budget’s announcement emphasized the ongoing support to boost the economic growth in Saudi Arabia, enhance the expenditure’s quality, and to attain financial sustainability and balance. Moreover, this can be reached by accomplishing Saudi Arabia’s 2030 vision objectives through increasing the size of the national economy and keeping its growth. Also, by heading towards economic reform, financial management and control, enhancing transparency and enabling the private sector. The custodian of the Two Holy Mosques directs all officials to quickly start the implementation of the budget which reflects his constant concern that all government entities will be able to meet citizens’ expectations and moving from only providing services to surpassing in providing these services.

Dr. AL-Tukhaifi said:” the Custodian of the Two Holy Mosques concludes his words by affirming that the comprehensive development will continue and will cover all regions of Saudi Arabia and that is his main concern; this shows the commitment of the leadership that the development covers all the regions of Saudi Arabia and in all fields as well’’. On the other hand, GASTAT’s president confirmed that the parts included in the budget will guarantee an effective contribution to enhance the government expenditure, also to enhance the quality, accuracy and transparency of financial accounts. Therefore, financial efficiency level will increase and benefit of projects will be maximized and that will be reflected on what is obtained by the citizen from the outputs of these projects. May God protect this country and keep its safety and prosperity, he concluded.