Online English Summarizer tool, free and accurate!
Saudi Arabia announced a budget with historic and unparalleled spending projections of more than 1.106 trillion riyals, up 7% from the previous year's budget .Revenues are forecast to hit 975 billion riyals, up 9% from 2018.We can see that the steady rise in Saudi spending numbers starts in 2017 and continues until 2021, with a marginal decrease in 2022 and 2023, the year in which the fiscal balance is supposed to be reached and the deficit is supposed to be eliminated.By the end of 2019, the GDP deficit ratio is forecast to hit 4.2 percent.In the year 2021, these revenues are projected to rise by around 7%.
Saudi Arabia announced a budget with historic and unparalleled spending projections of more than 1.106 trillion riyals, up 7% from the previous year's budget .Revenues are forecast to hit 975 billion riyals, up 9% from 2018. As a result, the proposed budget for the coming year would have a deficit of 131 billion riyals, or 3.6 percent.
2018's deficit was smaller than this year's.
By the end of 2019, the GDP deficit ratio is forecast to hit 4.2 percent.
We can see that the steady rise in Saudi spending numbers starts in 2017 and continues until 2021, with a marginal decrease in 2022 and 2023, the year in which the fiscal balance is supposed to be reached and the deficit is supposed to be eliminated.
On the other hand, the rate of revenue growth has been gradually growing since 2018, through the years 2019 and 2020, before peaking in 2023 at over one trillion and one hundred and fifty billion riyals, the year in which financial balance will be reached.
When we look at the projected revenues for 2019, we're talking about 975 billion riyals, or about 31% of the GDP. This revenue would rise at a rate of about 9% over the previous year.
In the year 2021, these revenues are projected to rise by around 7%.
Summarize English and Arabic text using the statistical algorithm and sorting sentences based on its importance
You can download the summary result with one of any available formats such as PDF,DOCX and TXT
ٌYou can share the summary link easily, we keep the summary on the website for future reference,except for private summaries.
We are working on adding new features to make summarization more easy and accurate
I think we might be a little bit uncertain on the potential complications from after the surgery, li...
لخص في نقاط طيب بسم الله الرحمن الرحيم والصلاه والسلام على اشرف الانبياء والمرسلين نبينا محمد وعل...
تتمثل أنجازات القسم في قيام الهيئة البحثية بالقسم بإجراء البحوث والدرسات والرسائل العلمية في مجال تش...
الجامعة الإسلامية أنا لا أحب أنْ أخدع نفسي عن نفسي، ولا أحب أنْ أخدع الناس عنها. أنا مسلمٌ قبل كل ش...
الحمد لله الملك المعبود، سبحانه ، لا أُحصي ثناءً عليه هو كما أثنى على نفسه.وأصلي وأسلم على سيدنا محم...
رد وزير الخارجية الإيراني عباس عراقجي، مساء الأربعاء، على التصريحات الأخيرة لمفوضة الأمن والخارجية ف...
إنجازات وحدة تعريف الكائنات الدقيقة والمقاومة الحيوية تُعَد وحدة تعريف الكائنات الدقيقة والمقاومة ال...
chief economic responsibility that a firm has is to its owners or investors. They want to earn a pro...
dresse mes sincères remerciements à ceux qui ont contribué àl'élaboration de ma mémoire. Je tiens à ...
في الولايات المتحدة، تخضع الرعاية خارج المنزل - مثل الرعاية البديلة، والبيوت الجماعية، ومرافق العلاج...
السلا السلام عليكم متابعين الكرام معكم السيد والنهاردة هبتدي معاكم كورس مهم جدا جدا وهو ال human re...
السريرة لو كُشِفَ للإنسان عن سريرة الإنسان لرأى منها ما يرى من غرائب هذا الكون وعجائبه، أَعْمَى أَدْ...