24/12/2013
«Education» and «Health» enjoyed plenty .. And the least «municipal services»
570 billion riyals allocations 6 sectors constitute 67% of spending in 2014
Total government spending is monitored for the six sectors, outlined in the budget statement for 2014, to 569.9 billion, accounted for 67 per cent of the public expenditure estimate for the State, for 2014, and $ 855 billion. The budget statement, issued by the Ministry of finance, other sectors benefiting from the remaining amount of the total public expenditure of the State, of 285.1 billion, a third of government spending for the year 2014. And the education sector received the largest share of the estimated expenditure for the year 2014, valued at 210 billion, accounted for 25 per cent of the total estimated expenditure; education expenditure grew by 3 per cent, compared with the expenses of the private sector to the year 2013, and about 204 billion riyals.
Followed by health and social development, as most expenditure for the year 2014 where Saib 13 per cent of total expenditure for the same year, spending grew by 8 per cent, compared with the level for the year 2013, amounting to 2014, about 108 billion riyals, compared to 100 billion. Third, the sector development funds and programs of the Government funding, where the amount is paid to the beneficiaries of the loans, which will give them from development funds for the year 2014 to 85.3 billion, with a growth rate of 25 per cent (equivalent to 17.1 billion), than what was spent last year, and $ 68.2 billion. And represented the value of what has been spent on the sector for the year 2014, the total budget spending of 10 per cent. Mentioned, the development funds and programs of the Government funding totaling six are: 'real estate', 'industrial development', Saudi credit and saving Bank, 'agricultural development', 'General', investment and lending programs.
The loans disbursed of this sector since its inception until the end of the current fiscal year 2013, to 537.5 billion. Fourthly, a basic infrastructure and transport sector, the acquisition of 8 per cent of the total estimated expenditures for the year 2014, reaching a value is assigned to sector 66.6 billion, with an increase of 2.5 per cent of the allocation year 2013, amounting to 65 billion riyals. Fifthly, the water sector, agriculture, industry and other economic resources by the acquisition of 7 per cent, of the total expenditures of the year 2014, and allocation of 16 billion riyals, compared to 57 billion for 2013. Finally, the municipal services sector, by acquisition of 5 per cent of the total budget expenditure for the year 2014, valued at 39 billion riyals, compared to 36 billion for the year 2013.
