(MENAFN) Saudi Arabia's major target is to achieve a balanced budget by 2020 under the National Transformation Program (NTP).
Furthermore, the kingdom estimates the cost of the program to be borne by the public and private sector at USD119.14bn.
The Ministry of Finance is responsible of applying the kingdom's financial strategy, and monitoring its implementation by the relevant agencies.
In addition, one of the key aims for the ministry is to achieve a balanced budget by 2020, which will be by enhancing public fiscal governance.
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