CEDA hails Kingdom’s strong financial development and fall in inflation

by ADeeL

Saudi Gazette report

JEDDAH — The Council of Financial and Improvement Affairs (CEDA) on Sunday praised the continued optimistic efficiency of financial development charges within the Kingdom, and the decline in inflation charges to 2.7 p.c.

In its digital assembly, Saudi Arabia’s apex financial physique, mentioned the quarterly report submitted by the Ministry of Finance on the efficiency of the state’s common price range for the fiscal 12 months 2023, in addition to the Kingdom’s skill to deal with the situations and transformations witnessed by the economic system through adopting many formidable measures and financial reforms to realize the strategic goals of Saudi Arabia’s Imaginative and prescient 2030. The imaginative and prescient’s applications have contributed to the expansion of non-oil financial actions by 13 p.c, recording SR135.1 billion in comparison with SR120 billion for a similar interval final 12 months, the Saudi Press Company reported.

The council reviewed a lot of reviews, shows and subjects on its agenda. These included the quarterly financial and improvement report of the Ministry of Financial system and Planning on native and world financial efficiency that coated an evaluation of probably the most outstanding indices of the nationwide economic system, and the expansion witnessed over the last interval throughout a number of sectors and actions, in addition to future development forecasts for the native economic system.

The presentation additionally included a complete overview of the worldwide financial state of affairs in the course of the previous interval, its newest developments, and an evaluation of its most outstanding indices. The council has taken a lot of choices and proposals.

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