Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz announced the State budget for FY 2007 at today’s Cabinet meeting in Riyadh. It is the largest national budget in Saudi history.

Total revenues for FY 2007 are projected at $106.7 billion, while expenditures are projected at $101.3 billion.

The budget for FY 2007 will focus on development projects and job creation, in particular education, health, water, sewage, transportation and social services.

Three Royal Decrees issued for the budget

Ministry of Finance statement on the budget

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