The Council of Economic and Development Affairs has held a meeting virtually.
The Council reviewed a number of reports, presentations and topics on its agenda, including the quarterly economic and development report of the Ministry of Economy and Planning on local and global economic performance, which included an analysis of the most prominent indicators of the national economy, and the growth witnessed during the last period across several sectors and activities, as well as future growth forecasts for the local economy, praising the continued positive performance of economic growth rates in the Kingdom, and the decline in inflation rates to 2.7%.
The presentation also included a comprehensive overview of the global economic situation during the past period, its latest developments, and an analysis of its most prominent indicators.
The Council discussed the quarterly report submitted by the Ministry of Finance on the performance of the state’s general budget for the fiscal year 2023, as well as the Kingdom’s ability to address the conditions and transformations witnessed by the economy via adopting many ambitious measures and economic reforms to achieve the strategic objectives of the Kingdom of Saudi Arabia’s Vision 2030. The vision’s programs contributed to the growth of non-oil economic activities by 13%, recording SAR135.1 billion compared to SAR120 billion for the same period last year.
The Council has taken the necessary decisions and recommendations
Source: Saudi Press Agency