King Salman announces $ 272 billion as 2020 budget of Saudi Arabia

By Taha Sakr

Saudi Arabia announced on Monday the state’s general budget for 2020, in an extraordinary meeting of the cabinet by the Custodian of the Two Holy Mosques King Salman and in the presence of Crown Prince Mohammed bin Salman, according to the Saudi channel of Al-Arabyia.-

During the meeting, the Saudi King Salman signed the approval of the Saudi 2020 budget, announcing “the 2020 budget” with a value of 1020 billion riyals,” equivalent to 272 billion dollars, stressing that Saudi Arabia is   determined to continue implementing economic reforms.

Moreover, King Salman declared during the meeting that the Saudi government will extend the distribution of high cost of living allowance in Saudi Arabia for additional year.