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.


DiplomaticQuarter: Dutch envoy, Saudi minister discuss ways to spread a message of harmony

Updated 16 min 9 sec ago

DiplomaticQuarter: Dutch envoy, Saudi minister discuss ways to spread a message of harmony

RIYADH: Netherlands Ambassador to Saudi Arabia Joost Reintjes called on Saudi Minister of Islamic Affairs, Call and Guidance Sheikh Abdullatif Al-Asheikh this week.

The two men discussed inter-faith dialogue and the best ways to spread a message of peaceful coexistence, among other matters of mutual interest.

The Saudi Press Agency reported that Al-Asheikh “affirmed that the Kingdom has contributed (to) spreading the principles of tolerance and peaceful coexistence among people and followers of various religions, emanating from the teachings of Islam, which are based on moderation and rejecting extremism.”

The Dutch ambassador reportedly expressed his appreciation for the Kingdom’s efforts to enhance dialogue between followers of different religions, cultures and civilizations around the world.

Saudi Arabia and the Netherlands have a long history of good relations. Speaking at last year’s National Day celebrations, Reintjes said, “Both countries have benefited from strong historical ties over the years.”

Highlighting success stories and cooperation between the two countries in various sectors, he added, “We hope to strengthen these relations in the future.”

Bilateral relations between the Netherlands and Saudi Arabia can be traced as far back as the 17th century, but were formalized with the opening of a Dutch consulate in Jeddah, which was eventually upgraded to an embassy and moved to Riyadh in 1985.