Tag Archives: BUDGET
Rouhani presents Iran budget, says US sanctions to hit lives, growth
:: Iran’s president submitted next year’s budget to parliament on Tuesday, the first since the United States restored sanctions that had been lifted under the nuclear deal. The $47.5 billion budget is less than half the size of last year’s,
Saudi Arabia reveals record budget for 2019 with spending of 1.1 trillion riyals
:: Figures pertaining to Saudi Arabia’s 2019 budget revealed a record spending worth 1.106 trillion Saudi riyals which is a 7.3 percent growth rate compared to 2018. According to figures announced by the Saudi Ministry of Finance, the expected revenues
Saudi Crown Prince: Economic reforms contributed to reducing budget deficits
:: Saudi Arabia’s Crown Prince Mohammed bin Salman has affirmed that the economic and structural reforms in the national economy are progressing toward achieving the objectives of the Saudi Vision 2030 aimed at diversifying the economy and achieving stability, economic
US wants $250 million cut to UN budget
:: The United States is seeking a $250 million cut to the core budget of the United Nations for 2018-2019, on top of $200 million in savings already proposed by UN Secretary-General Antonio Guterres, diplomats said Tuesday. The budget is
Morocco cabinet wins parliamentary backing, set to review budget
Morocco’s Islamist-led cabinet won a vote of confidence in parliament on Wednesday after the country went more than six months without a government, causing delays to public spending and reforms. Prime Minister Saad Eddine El Othmani from the Islamist Justice
Lebanon reveals its first budget in 12 years
Lebanon’s government has revealed the country’s first budget in 12 years after discord and political paralysis had prevented politicians in past years from agreeing on a figure. The budget will have a deficit of $4.86 billion on spending of $15.78
Budget 2016: Business leaders laud vision for sustainable development
A wide cross-section of Saudi society including ministers, businesspeople, academics and government officials have welcomed the country’s realistic and developmental budget for the new year in the face of tough regional and global challenges. Custodian of the Two Holy Mosques
Kingdom to cut reliance on foreign workers
Saudi Arabia has announced plans to reduce its reliance on foreign workers by recruiting only highly-technical workers and monitoring investments closely. “The Kingdom will now be more selective in hiring foreign workers,” said Ibrahim Al-Assaf, finance minister, while giving highlights
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