{"id":261248,"date":"2019-11-01T07:00:20","date_gmt":"2019-11-01T10:00:20","guid":{"rendered":"https:\/\/anba.com.br\/?p=261248"},"modified":"2019-10-31T17:52:10","modified_gmt":"2019-10-31T20:52:10","slug":"saudi-arabia-expecting-usd-222-billion-in-revenue","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/saudi-arabia-expecting-usd-222-billion-in-revenue\/","title":{"rendered":"Saudi Arabia expecting USD 222 billion in revenue"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Saudi Arabia expects to see SAR 833 billion in revenue next year, as per the pre-budget statement made public this Thursday (31) by Finance minister Mohammed Al-Jadaan. The sum is equivalent to USD 222 billion, <a href=\"https:\/\/www.arabnews.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Arab News<\/a> reported.<\/p>\n<p>The amount is down 10% from 2019\u2019s SAR 917 billion forecast, which is tantamount to USD 244.3 billion at current conversion rates. As a result, the budget deficit is seen widening by 43% from SAR 131 billion (USD 34.9 billion) this year to SAR 187 billion (USD 49.8 billion) in 2020.<\/p>\n<p>According to minister Mohammed Al-Jadaan, Saudi Arabia is pushing ahead with its radical Vision 2030 reform program to drive economic growth and prevent overreliance in the oil industry.<\/p>\n<p>Saudi Arabia\u2019s Gross Domestic Product (GDP) is seen going up 0.9% this year and 2.3% in 2020. Al-Jadaan said the 2020 budget \u201cwill continue to raise the efficiency of public finance management to maintain fiscal sustainability and maximize return on expenditure.\u201d<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-213243\">Fayez Nureldine\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The pre-budget statement made public by the minister of Finance works with an estimated 10% drop in revenue in 2020 from 2019. A wider deficit is expected.<\/p>\n","protected":false},"author":2316,"featured_media":213243,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[11910,4289,12335,12337,9595],"class_list":{"0":"post-261248","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-arabia-saudita-en","9":"tag-budget-deficit","10":"tag-contas-publicas-arabia-saudita","11":"tag-finance-minister","12":"tag-saudi-arabia-en"},"wps_subtitle":"The pre-budget statement made public by the minister of Finance works with an estimated 10% drop in revenue in 2020 from 2019. A wider deficit is expected. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/261248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=261248"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/261248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/213243"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=261248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=261248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=261248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}