Stay updated with breaking news from Pre Budget Statement. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
THE re-opening of most, if not all, economic sectors since the re-implementation of Covid-19 lockdown measures means that the upcoming Budget 2022 proposals would be a vital catalyst enabling our country to fulfill its international commitments as well as improve tax collection and raise tax revenue.
AS Budget 2022 approaches, observers are bracing themselves for the possibility of a new tax regime as the government seeks to expand its revenue base.
King Salman, prime minister, chaired the Cabinet's meeting during which reviewed the Pre-Budget Statement for the Fiscal Year 2022, including the Fiscal and Economic Performance Report FY 2021, and the main fiscal objectives and economic indicators estimates for Fiscal Year 2022 over the medium term.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
DUBAI: Saudi Arabia has revised its forecast for this year’s budget deficit to 2.7 per cent of GDP from 4.9 per cent and is aiming for a further cut next year, its preliminary 2022 budget statement said, highlighting the government’s tight grip on finances despite projected higher crude revenues.The largest Arab economy suffered a recession last year as...