The restructuring of the budget in Saudi Arabia as well as the provider, which is due to raising the efficiency of public expenditure of 400 billion riyals over the past four years, is important aspects of Saudi Arabia's 2030 vision achievements in the fifth year of vision, according to Saudi Finance Minister Mohammed Al-Jadan
According to Arab Net, the minister explained that a value-added tax will be reviewed after several targets, which are currently 15% and are expected to fall to 5% in a period of 5 years.
The talk of Jadan came during an interview session held by 4 ministers of vision programs on Saturday evening with media professionals on the occasion of 5 years to see Saudi Arabia 2030, which formed a new era in economic construction.
He added that the State has multiple sources of funding, from religion, reserve and wealth in the Public Investment Fund, and we have assets and we will seek carefully identify budget ceilings.
As about the levels of sukuk and bonds, the GDP levels of GDP are 33%, a reasonable compared to the G-20 countries, with an increase in debt at a global level,
The two debt levels are not worrying at all, and the Kingdom has a great fortune in the Public Investment Fund and has customizable assets and comfortable reserves.
