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Saudi Gazette report
JEDDAH — The Council of Economic and Development Affairs (CEDA) on Sunday praised the continued positive performance of economic growth rates in the Kingdom, and the decline in inflation rates to 2.7 percent.
In its virtual meeting, Saudi Arabia’s apex economic body, 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 Saudi Arabia’s Vision 2030. The vision’s programs have contributed to the growth of non-oil economic activities by 13 percent, recording SR135.1 billion compared to SR120 billion for the same period last year, the Saudi Press Agency reported.
The council reviewed a number of reports, presentations and topics on its agenda. These included the quarterly economic and development report of the Ministry of Economy and Planning on local and global economic performance that covered an analysis of the most prominent indices 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.
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 indices. The council has taken a number of decisions and recommendations.
What's your reaction about this news🥰𝙒𝙚 𝙝𝙤𝙥𝙚 𝙩𝙝𝙖𝙩 𝙮𝙤𝙪 𝙡𝙞𝙠𝙚𝙙 𝙩𝙝𝙞𝙨 𝘼𝙧𝙩𝙞𝙘𝙡𝙚. 𝙋𝙡𝙚𝙖𝙨𝙚 𝙨𝙝𝙖𝙧𝙚 𝙞𝙩 𝙬𝙞𝙩𝙝 𝙮𝙤𝙪𝙧 𝙁𝙧𝙞𝙚𝙣𝙙𝙨 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚 𝙩𝙤 𝙤𝙪𝙧 𝙬𝙚𝙗𝙨𝙞𝙩𝙚 𝙗𝙮 𝙘𝙡𝙞𝙘𝙠𝙞𝙣𝙜 𝙤𝙣 𝙩𝙝𝙚 𝘽𝙚𝙡𝙡 𝙄𝙘𝙤𝙣 (𝙇𝙚𝙛𝙩 𝘽𝙤𝙩𝙩𝙤𝙢 𝙤𝙛 𝙩𝙝𝙞𝙨 𝙋𝙖𝙜𝙚) 𝙩𝙤 𝙧𝙚𝙘𝙚𝙞𝙫𝙚 𝙣𝙤𝙩𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣𝙨 𝙛𝙤𝙧 𝙚𝙫𝙚𝙧𝙮 𝙏𝙧𝙚𝙣𝙙𝙞𝙣𝙜 𝙖𝙧𝙩𝙞𝙘𝙡𝙚.🥰
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