The sessions of the 2022 Budget Forum have started
Saudi Finance Minister Muhammad Al-Jadaan said: The government continues to support the private sector, especially the sectors affected by the repercussions of the Corona pandemic. He added, during the 2022 Budget Forum, that some of the costs borne by the private sector will be reviewed, as part of the government’s strategy to support the affected sectors.
The minister indicated that the Saudi budget surplus for 2022 will be directed to several tracks, most notably reducing public debt, in addition to directing surpluses to support reserves, the Public Investment Fund, the National Development Fund, and other tracks.
He continued, “We were able to control the budget deficit through the fiscal balance program and raise the efficiency of spending during the last five years.”
Al-Jadaan pointed out that the partner program will inject five trillion riyals into the economy in the coming years.
Governor of the Public Investment Fund, Yasser Al-Rumayyan, said that the Public Investment Fund is one of the largest and fastest growing sovereign wealth funds in the world, and is a mainstay in Vision 2030.
