Jadaan: Saudi Arabia to Take Strict Measures to Deal with Virus Impact

      Published on Monday, 4 May , 2020      2385 Views     
Jadaan: Saudi Arabia to Take Strict Measures to Deal with Virus Impact

Saudi Finance Minister Mohammed al-Jadaan said on Saturday that Riyadh will take strict measures to deal with the economic impact of the coronavirus pandemic, adding that “all options for dealing with the crisis are open”.

“We must reduce budget expenditures sharply”, Jadaan said in an interview with Al Arabiya TV, adding that the impact of the new coronavirus on Saudi Arabia’s state finances will appear from the second quarter of the year.

“Saudi finances need more discipline and the road ahead is long,” he said.

Jadaan said Saudi Arabia had used some revenue from investments to plug the deficit.

He noted the country had introduced stimulus measures aimed at preserving jobs in the private sector and safeguarding the provision of basic services.

Category Government, Saudi News | 2020/05/04 latest update at 6:10 PM
Source : Aawsat | Photocredit : Google
Comments Add comment

Gulf Media

Related Articles

The editorial staff of Saudi Arabia Today would like to give all of its readers from Gulf and Saudi Arabia and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Saudi Arabia Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Saudi Arabia, the Gulf and the world.

Sponsored Publications