Minister of Finance: First Quarter Total Revenues Amount to SR 144,076 Billion, Up 72%

Minister of Finance: First Quarter Total Revenues Amount to SR 144,076 Billion, Up 72%

Thursday 1438/8/15 – 2017/05/11

Riyadh, Sha’ban 15, 1438, May 11, 2017, SPA — Minister of Finance Mohammed bin Abdullah Al-Jadaan has announced the issuance of the quarterly report on the performance of the State’s general budget for the first quarter of the fiscal year 1438 / 1439H (2017 G).
This came during a press conference held at the headquarters of the Ministry of Finance here today in which he indicated that the data of the first quarter report reflected a rise in revenues, a remarkable improvement in the efficiency of spending and reducing the deficit while basic services provided for citizens have topped priorities on the list of the governmental spending.
The Minister of Finance said, “This step applied for the first time in the history of the Ministry comes within the framework of the Government’s commitment to transparency and financial disclosure as it continues to implement the initiatives of National Transformation Program within the Kingdom’s ambitious Vision 2030.”
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16:22 LOCAL TIME 13:22 GMT