A Saudi budget next year will be announced next week. The Finance Ministry had earlier announced the development budget this year. The expatriates are hopeful about issues affecting private sector, including Levi.
The budget will be approved by the extra ordinary Cabinet meeting convened by Salman's chairperson. Finance Minister Mohammad Al-Juddin had said that next year's budget would be development budget. Residents are also waiting for the new Budget. Waiting for any decision on matters affecting the private sector, including Levi. There are reports quoted by various centers in this regard. The revenue from non-petro-industries makes up 30 per cent of the budgetary expenditure. Budgeting to solve the fluctuations in oil prices. The budget is aimed at development of the economy in the country.
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