Saudi Arabia announces The Kingdom of Saudi Arabia announced today, Monday, the 2020 budget, which is estimated at 1.02 trillion Saudi riyals, and this indicates a slight decrease in spending, contrary to the trend of the past three years that witnessed an increase in spending in order to stimulate economic growth.
Saudi Arabia announces
The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, said in a televised statement, after a cabinet meeting, that the expected expenditure during 2020 is 1.02 trillion riyals, compared to about 1.048 trillion riyals this year.
Revenues are expected to reach 833 billion riyals in 2020, which will increase the budget deficit to 187 billion riyals, compared to an expected deficit of 131 billion riyals in 2019.
GDP is expected to grow by 2.3% in 2020, according to the budget statement. Meanwhile, economic growth is expected to decline to 0.9% this year, according to government estimates, compared to a 2.2% growth recorded last year, due to lower oil prices and the decision to cut production approved by OPEC and its allies.
The importance of the feasibility study report
The importance of the feasibility study report, if you have some experience with feasibility studies, you may know that this report is very important
It greatly helps to get the most professionalism and success in the project that you are thinking of,
It is also often the responsibility of the project manager to control the writing of the report and it is comprehensive for all aspects of the project.
The importance of writing the report is to provide legal and technical evidence of project vitality, sustainability, cost-effectiveness, and project success
And obtaining profits, it also allows the process of preparing reports for higher management
In order to obtain the necessary information needed to make major decisions regarding budget preparation and investment planning,
Therefore, we will provide you with some important information on the importance of the feasibility study report.
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