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State's General Budget / Royal Decree Riyadh 2




(MENAFN - Saudi Press Agency)
Second: The budgets of public institutions with budgets attached to State's General Budget shall be approved for the fiscal year 1439/1440 according to the following:
1-The expenditures of general organizations for the fiscal year 1439/1440 to be estimated at a sum of (SR 112,288,759,000) one hundred twelve billion and two hundred eighty-eight million and seven hundred fifty-nine thousand riyals.
2 The revenues of general organizations for the fiscal year 1439/1440 to be estimated at a sum of (SR 12,387,322,000) twelve billion and three hundred eighty-seven million and three hundred twenty-two thousand riyals.
3- The difference between the direct revenues and the expenditure to be estimated at a sum of (SR 99.901.437.000) ninety nine billion and nine hundred and one million and four hundred thirty seven thousand riyals.
Third: The budgets of the mayor offices and municipalities for the fiscal year 1439/1440 shall be approved according to the following:
1- The expenditures of the mayor offices and municipalities for the fiscal year 1439/1440 to be estimated at a sum of (SR 53,650,811,000) fifty five billion and six hundred fifty million and eight hundred eleven thousand riyals.
2- The revenues of the mayor offices and municipalities for the fiscal year 1439/1440 to be estimated at a sum of (SR 6.955.911.000) six billion and nine hundred fifty five million and nine hundred eleven thousand riyals.
3- The difference between the direct revenues and the expenditures, which shall be taken into account in the State's General Budget, would be estimated at a sum of (SR 46,694,900,000), forty-six billion and six hundred ninety-four million and nine hundred thousand riyals.
Fourth: 1- The revenues referred to in paragraph (1) of item (1) of this decree shall be met in accordance with the financial regulations, all of which shall be deposited in the current account of the Ministry of Finance at the Saudi Arabian Monetary Agency.
2. The Ministry of Finance determines the mechanisms for depositing the revenues of the mayor offices, municipalities, general organizations or the like; the mechanisms for depositing the revenues that are estimated more than the actual estimate; the mechanisms for depositing the remainder which has not been disbursed from the budget appropriations.
These bodies shall continue to work as is currently practiced until the Ministry of Finance establishes a mechanism and a timetable for the completion of the implementation of the Royal Order No. 55685 dated 30/11/1438 AH.
3. The provisions of items 5 and 6 of the State Revenue Regulations and items 8 and 9 of its Executive Regulations shall be taken into account.
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19:55 LOCAL TIME 16:55 GMT

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State's General Budget / Royal Decree Riyadh 2

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