Finance officials meet to map out Saudi Arabia’s budget plans

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Saudi Minister of Finance Mohammed Al-Jadaan addressing the Budget Forum 2020 at the InterContinental Hotel in Riyadh on April 18, 2019. (SPA)
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Participants attending the Budget Forum 2020 at the InterContinental Hotel in Riyadh on April 18, 2019. (SPA)
Updated 19 April 2019

Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.


Houthis threaten global energy security: Arab coalition

Updated 40 min 56 sec ago

Houthis threaten global energy security: Arab coalition

  • The Arab coalition denounced Saturday's attack on a Saudi Aramco gas plant
  • The Yemeni militant attack sparked a fire but caused no casualties or disruption to production

RIYADH: The Arab coalition fighting to restore the internationally recognized government in Yemen on Monday denounced a Houthi attack on a Saudi Aramco gas plant in Saudi Arabia.
The militants claimed 10 drones struck the Shaybah natural gas liquefaction plant near the border with the UAE on Saturday.
“The Houthi militia have endangered global energy security by targeting Shaybah oil field in Saudi Arabia,” spokesperson Col. Turki Al-Maliki said.
The militants, who are based in Yemen and backed by Iran, have used drones laden with explosives to target infrastructure in the Kingdom.
Speaking at a weekly press conference in Riyadh, Col. Al-Maliki said the that Houthi and Daesh militias are conducting simultaneous operations in Yemen, stressing that the Houthis, who sparked the Yemen war in 2014, continue to pose a clear threat in the southern Red Sea.
The coalition, which includes Saudi Arabia and the UAE, intervened in the Yemen conflict in 2015 to support forces loyal to the internationally recognized government after it was driven from the capital Sanaa by the Houthis.