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Saudi Finance Minister: Major Focus on Enhancing Services Provided for Citizens

Saudi Finance Minister: Major Focus on Enhancing Services Provided for Citizens

Wednesday, 20 December, 2017 - 11:15
Saudi Finance Minister Mohammed al-Jadaan, right, Minister of Economy and Planning Mohammed al-Tuwaijri, centre, and Saudi Arabian Monetary Agency (SAMA) Governor Ahmed al-Khulaifi take part in a press conference during which officials announced the state budget for 2018. AFP/Fayez Nureldine

Minister of Finance Mohammed al-Jadaan has affirmed that the guidelines of Custodian of the Two Holy Mosques and the Crown Prince were clear in urging the enhancement of services provided to citizens in all regions with no exceptions.

In a news conference on Tuesday in Riyadh following announcing the state budget 2018, Jadaan said that state budget of 2018 is significant because on top of its priority are the services provided to citizens.

“What matters to the citizen are achievements. For example, this year up to 70,000 housing units were allocated and distributed. Also 150,000 houses were distributed, and 2 thousand km of roads were inaugurated in the kingdom,” he added.

Minister of Economy and Planning Mohammed al-Tuwaijri stated that eliminating unemployment would be a major focus in any program launched by the government, affirming dedication to achieve what has been promoted in Saudi Vision 2030 to decline unemployment rate to seven percent. The kingdom is in the first third of Saudi Vision 2030 implementation, Tuwaijri added, expressing optimism in the results to come.

“Nine programs will be launched in the first quarter of 2018 of specific economic goals in growth, jobs, improvement of payments balance and enhancement of financial balance program,” he continued.

Governor of the Saudi Arabian Monetary Agency (SAMA) Ahmed al-Khilaifi said that “Within 30 years Saudi Arabia would have a financial stability, and inflation wouldn’t exceed 3 percent with the support of strong monetary reserves surplussing SAR1.8 trillion (USD480 billion), covering 40 months of imports"

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