Saudi changes guarantee sustainable economy


(MENAFN) A new era of financial alliance began with this year's budget, the right nature of salaries that establish more than 30 percent of whole spending makes it hard to regulate.

Additionally, operating outgoings are predicted to edge higher demanded by the USD 0.37bn capital expenditure over 2008-2014.

The problem of grants, notably energy subsidies estimated at almost USD 53.28mn, has been generally argued topic, yet scrapping the "subsidies for all" model toward a more targeted plan.

The government proclaimed sequences of revisions on energy subsidies to grow incomes, improve environmental awareness, and reduce waste and irrational use.


MENAFN

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