Arab Today, arab today the prioritises spending on education at 24total expenditure
Last Updated : GMT 05:09:00
Arab Today, arab today
Arab Today, arab today

Saudi outlines trimmed 2012 budget

The prioritises spending on education at 24 % total expenditure

Arab Today, arab today

Arab Today, arab today The prioritises spending on education at 24 % total expenditure

The ministry said Economic growth is forecast at 6.8 % in 2011
Riyadh - Agencies

The ministry said Economic growth is forecast at 6.8 % in 2011 Saudi Arabia outlined on Monday a $187 billion budget for next year that projects a cut in both public spending and revenues. It still allows the world's largest oil producer to come away with a surplus forecast roughly at $3 billion.
Under the budget announced by the Finance Ministry, revenues are forecast at 702 billion riyals ($187 billion), while expenditures are projected at 690 billion riyals, or 16.5 per cent below spending in 2011. The surplus realised in 2011 came in at 306 billion riyals ($69.7 billion).
Earlier in the year, as a wave of popular unrest ripped through the Arab world, King Abdullah announced a roughly $130 billion public spending plan that largely benefited the kingdom's lower income population.
The funds were aimed at building hundreds of thousands of housing units, as well as creating jobs, raising salaries and offering unemployment benefits. The move came as popular pressure mounted against autocratic Arab leaders, with the people complaining about soaring living costs, a lack of opportunities for youth and a shortage of affordable housing.
The 2012 budget prioritises spending on education at 24 per cent of total expenditure, a 13 per cent increase over the budget last year.
Healthcare also sees a 26 per cent increase in the new budget, including construction of several new hospitals.
Saudi Arabia has managed to avoid the protests that led to the ouster of the presidents of Tunisia and Egypt and the toppling of Libya's longtime strongman. Other Gulf Arab countries have also faced their share of tensions — most notably Bahrain — but none of the protests have so far succeeded in shaking the foundations of the region's monarchies.
For 2011, Saudi public revenues came in at 1.1 trillion riyals while expenditures totaled 804 billion riyals or 224 billion more than had initially been forecast, the Finance Ministry said in a statement on its website.
Economic growth is forecast at 6.8 per cent in 2011, an increase from an estimated 4.1 per cent in 2010, the ministry said. This was driven by the expansion in the non-hydrocarbon sector, estimated at 7.8%, pushed by higher government spending and the private sector.
 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today the prioritises spending on education at 24total expenditure Arab Today, arab today the prioritises spending on education at 24total expenditure

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank

GMT 18:23 2017 Sunday ,19 February

Darwesh vows to provide job opportunities for youth

GMT 12:10 2017 Sunday ,19 February

Welcomes the F&B solution of the future

GMT 10:06 2017 Friday ,17 February

South Korea's Hanjin Shipping declared bankrupt

GMT 09:26 2017 Friday ,17 February

Samsung's history tainted by run-ins with the law

GMT 09:20 2017 Friday ,17 February

Samsung heir arrested in corruption probe

GMT 10:26 2017 Thursday ,16 February

Dollar, equities stutter in Asia after Trump rally
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday