He expected – according to the preliminary statement of the budget – that the total revenues for the year 2023 will be regarding 1,123 billion riyals, reaching regarding 1,205 billion riyals in 2025, while it is estimated that the total expenditures for the year 2023 will be regarding 1,114 billion riyals, reaching regarding 1,134 billion riyals in 2025. Pointing out that in light of these developments and to complement the process of economic and financial reforms, in addition to adopting financial policies that contribute to achieving stability and sustainability of the state’s general budget, it is estimated that the budget for the year 2023 will achieve surpluses of regarding 0.2% of GDP, indicating that these surpluses will be directed To enhance government reserves and support national funds, considering the possibility of accelerating the implementation of some strategic programs and projects of economic and social dimensions, in accordance with financial sustainability.
