![\"Saudi](\"https:\/\/saudiexpatriate.com\/wp-content\/uploads\/2020\/12\/Saudi-Arabia-KSA-Budget-2021-Saudi-Budget-Highlights.png\")
<\/p>\nKingdom of Saudi Arabia has announced its budget for the year 2021. Saudi Arabian Budget 2021 has been announced with an estimate revenue of 849 Billion Saudi Riyals.<\/p>\n
Budget \u200cin Saudi Arabia has shown an improvement of Vision 2030 programs which has transformed the economy, spending efficiency and economy less dependent on Oil.<\/p>\n
King Salman, the custodian of two holy mosques has directed the officials to give priority to the protection of resident in the kingdom.<\/p>\n
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Fintech will play a key role in Saudi diversification in 2021 as per start-ups risings and CEOs of the new establishments.<\/p>\n
Crown Prince Mohammed bin Salman said 2020 had been a difficult year for the whole world due to the coronavirus pandemic, \u201cbut the Kingdom’s economy has proven its ability to withstand its impact.\u201d<\/p>\n
Last year in September, Saudi Finance Ministry announced a preliminary statement of the estimated budget for the year 2021, with public revenues estimated at 846 Billion riyals, and expenditures at 990 Billion riyals.<\/p>\n
Saudi Arabia said at the time that it plans to cut spending by 7.5 percent in next year\u2019s budget to 990 billion riyals ($263.94 billion) but expects the economy to return to growth as its management of the coronavirus crisis improves, a preliminary budget statement showed.<\/p>\n","protected":false},"excerpt":{"rendered":"