Question

explain saudi arabia government budget

Answer 1

Saudi Arabia is a country which have been one of the leading exporter of crude oil and controls the world's second largest Oil reserves. Saudi Arabia is only arab country to be part of G20 economics. Saudi Arabia is also well known for its ancient cultures and civilizations.

Besides all this the Saudi Arabia's government budget plays an important role in its economic development. It believes in the development of economic markets and have a vision 2030 as its economic reforms strategy.
The budget of $295bn have been approved by Arabia's king Salman. The budget would contribute to the Saudi Arabia's growth and development and will also create opportunities to tackle the unemployment, as it have been one of the major issue of Saudi Arabia. The government is getting almost all its revenues from Oil exports and this is why the government is planning to post it spendings. The government is also planning to tackle its deficits and improve the economy.