Wednesday, 16 January 2013

Mr. Abdullah Bin Saleh Al Othaim, the chairman of Othaim Holding has confirmed that the budget of the new fiscal year 1434 - 1435 announced by the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al-Saud "may God save him," (820) billion riyals, which is the largest budget in the history of the Kingdom enhances confidence in the national economy and emphasizes its competitive ability and willingness to absorb all variables.

Al Othaim has mentioned that the indicators of the new budget represents the goodness message by our government, to achieve all the expectations of the citizens and foreseeing the prospects of the prosperous future with confidence and assurance.

Al Othaim said that this budget has absorbed the government's desire in enhancing the sustainable development and driving the economic growth by focusing on and prioritizing the development projects for the "educational, health, social and security services, municipal, water and sanitation, roads" sectors and supporting scientific research, as well as taking care of providing job opportunities and raising living standards and improving lifestyles and achieving expected prosperity for citizens.

Al Othaim has pointed that the huge excess achieved by the year 2012 budget despite the high actual expenditure which increased by 23.6% where the Budget excess that reached 386 million riyals the largest during the kingdom's history.

Al Othaim has ended his speech praying to the custodian of the Two Holy Mosques , King Abdullah Bin Abdul Aziz Al Saud and his crown prince his royal highness Prince Salman Bin Abdul Aziz Al Saud , asking God to grant them help and guidance for the goodness and growth of our precious kingdom and to keep our country's security, growth, peace and stability.

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