Riyadh, Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud issued a royal decree today on the State's General Budget for the Fiscal Year 2020, stating the following:
First: State's revenues are estimated and expenditures are approved for the fiscal year 2020 according to the following:
1- Revenues are estimated at 833,000,000,000 Saudi Riyals.
2- Expenditures are approved at 1,020,000,000,000 Saudi Riyals.
3- Deficit is estimated at 187,000,000,000 Saudi Riyals.
Second: Revenues shall be levied according to financial regulations and all to be deposited in the current account of the Ministry of Finance at the Saudi Arabian Monetary Agency (SAMA).
Third: Expenditures are disbursed according to the State's General Budget and relevant instructions.
Source: Saudi Press Agency