2005 Public Statement
 

12/13/2005
Budget 2006: Royal Decrees
Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz issued in Riyadh on December 12, 2005, royal decrees covering the State Budget for the fiscal year 1426/1427 [FY2006, plus municipal and rural budgets, and annexed budgets for general organizations.

[I] State Budget

First: The total revenues for the State for the fiscal year of 1426/1427 [FY2006] are estimated at SR 390 billion [US $103.9 billion]. The State expenditures for the fiscal year of 1426/1427 [FY2006] are budgeted at SR335 billion [$89.3 billion].


Second: Revenues shall be collected in accordance with the relevant financial systems and deposited in the current account of the Ministry of Finance at the Saudi Arabian Monetary Agency.

Third: The Minister of Finance is mandated to add the necessary amounts to expenditures for the fiscal year of 1426/1427 [FY2006] from the surplus of revenues of the fiscal years of 1425/1426 [FY2005] and 1424/1425 [FY2004] to cover financed projects from this surplus.

Fourth: All expenditures shall be spent in accordance with the designations of the budget and directives relating to it.

Fifth: The surplus shall be allocated to settling the public debt and in the event of a deficit in the budget, the Minister of Finance is authorized to borrow to cover it.

Sixth: Transfers among the budget’s approved chapters, branches and sections are to take place upon a joint report by the Minister of Finance and either the authorized minister or head of an independent-budget department. Transfers among the articles of each of Chapter I and Chapter II are decided by the authorized minister or head of an independent budget department.

Seventh: Appropriations must be used as assigned.

Eighth: It is not permitted to issue a decision or conclude a contract that lays a burden on a future fiscal year except for the following:
(a) Contracts in continuous progress or periodically-implemented.
(b) Import contracts approved in Chapter II.
(c) Contracts of operation, maintenance and projects implementation.

Ninth: The government's control bodies shall strictly follow up the implementation of Cabinet Resolution 52, dated 7/3/1420, and Article 3/H of the Government Procurement Supply and Projects Implementation System.

Tenth: During the fiscal year of 1426/1427 [FY2006], if the set appropriation be exceeded due to past years' pledges owing to unwarranted action, the issue shall be considered by the President of the Cabinet. Otherwise, the Minister of Finance is authorized to permit disbursement of these amounts from the FY2006 appropriations.

Eleventh: Administrative formations for all bodies are approved according to what is issued by the General Budget.

Twelfth: Appointment or promotion of employees shall only be made to jobs approved in the budget.

Thirteenth:
(a) During the fiscal year, no creation of jobs, grades or ranks is permitted other than those approved in the budget.
(b) Excluded from paragraph (a) is the appointment of ministers.
(c) During the fiscal year, grades and ranks approved in the budget are not subject to promotion.
(d) Amendment of titles of jobs is permitted through a decision by the Minister of Civil Service and in accordance with the regulations governing job categorizations.
(e) Approved jobs shall be exchanged among chapters and branches of the budget in accordance with a decision by the Minister of Finance.

Fourteenth: The Minister of Finance shall issue the necessary instructions for the implementation of this Budget in accordance with the rules stated in these decrees.

Fifteenth: This decree shall be implemented by the Vice President of the Cabinet and the ministers concerned.
 

(II) Revenues and expenditures of the municipalities and rural communities:

First: The expenditures of municipalities for the fiscal year of 1426/1427 [FY2006] are estimated at SR 12,714,645,000 [US $3,390,300,776].

Second: The revenues of municipalities and rural communities for the fiscal year of 1426/1427 [FY2006] are estimated at SR 1,819,962,000 [$485,284,377].

Third: The difference between direct revenues and expenditures in the general budget is estimated at SR 10,894,683,000 [$2,905,016,399].

Fourth: Expenditures shall be spent in accordance with the financial regulations.

Fifth: Municipalities and rural communities shall collect their revenues in accordance with regulations.

Sixth: Stated rules approved by the general budget for the fiscal year 1426/1427 [FY2006] shall be applied to the budgets of municipalities and rural communities.

Seventh: Transfer of surplus amounts of budgets of municipalities and rural communities shall be approved by the Prime Minister.


(III) Revenues and expenditures of the general organizations whose budgets are annexed to the general budget for the fiscal year 1426/1427 [FY2006].

1- Ports Authority, revenue SR 2.1 billion [$549.8 million]; expenditure SR 547.7 million [$146 million]

2- Saudi Arabian Airlines, revenues and expenditures SR 15.7 billion [$4.2 billion]

3- General Organization of Grain Silos and Flour Mills, revenues SR 1.4 billion [$379.9 million], expenditures SR 631.6 million [$168.4 million]

4- Saline Water Conversion Corporation, revenues and expenditures SR 2.9 billion [$794.1 million]

5- Saudi Railways Organization, revenues and expenditures SR 730.5 million [$194.8 million]

6- Royal Commission for Jubail and Yanbu, revenues and expenditures SR 4.02 billion [$1.07 billion]

7- Saudi Arabian Standards Organization, revenues and expenditures SR 124.7 million [$33.3 million]

8- Saudi Arabian General Investment Authority, revenues and expenditures SR 98.2 million [$26.2 million]

9- King Saud University, revenues and expenditures SR 3.12 billion [$831.3 million]

10- King Abdulaziz University, revenues and expenditures SR 1.9 billion [$5.7.6 million]

11- King Fahd University for Petroleum and Minerals, revenues and expenditures SR 780.9 million [$208.24 million]

12- Imam Muhammad bin Saud Islamic University, revenues and expenditures SR 1.5 billion [$400.02 million]

13- Islamic University of Madinah, revenues and expenditures SR 407.05 million [$108.54 million]

14- King Faisal University, revenues and expenditures SR 1.28 billion [$339.7 million]

15- Umm Al-Qura University, revenues and expenditures SR 999.3 million [$266.47 million]

16- King Khalid University, revenues and expenditures SR 662.93 million [$176.8 million]

17- Taybah University, revenues and expenditures SR 345.24 million [$92.1 million]

18- Qasim University, revenues and expenditures SR 659.45 million [$175.84 million]

19- Taif University, revenues and expenditures SR 303.1 million [$80.82 million]

20- Jizan University, revenues and expenditures SR 151.37 million [$40.36 million]

21- Al-Jouf University, revenues and expenditures, SR 130 million [$34.7 million]
22- Hail University, revenues and expenditures, SR 135 million [$35.99 million]
23- General Organization for Technical Education and Vocational Training, revenues and expenditures SR 3.31 billion [$882.53 million]

24- King Abdulaziz City for Science and Technology, revenues and expenditures SR 599.18 million [$159.78 million]

25- Institute of Public Administration, revenues and expenditures SR 247.6 million [$66.02 million]

26- King Faisal Specialist Hospital and Research Center, revenues and expenditures, SR  2.52 billion [$671.63 million]

27- Saudi Red Crescent Society, revenues and expenditures, SR 510.15 million [$136.03 million]

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