Riyadh- The unified “Citizens Account Program” represents a new step on the level of guiding the Saudi subsidy to limit the influence of energy prices increase on citizens – before, the purpose of subsidy was to reduce the rise of prices and to make them affordable for citizens, residents, companies, stores and factories.
Saudi Arabia has put a new plan that will cause a radical change on the map of energy prices subsidy and will rationalize consumption.
On the level of the “Citizens Account Program”, the monetary support that Saudi Arabia is willing to offer for citizens will not exclude anyone, whether they were employees from the public or private sector.
Information affirms that the Ministry of Labor and Social Development will cooperate with several related parties to make sure of the interrelated information – these parties include: local banks, the Ministry of Civil Service and the General Authority for Statistics.
Commenting on the announced general budget on Thursday, Minister of Labor Ali bin Nasser al-Ghafis said that the budget newly approved by the Saudi cabinet, headed by Custodian of the Two Holy Mosques King Salman bin Abdulaziz, promises good outcome and prepares for a sustainable and comprehensive development and reforms phase.
Ghafis considered the program as one of the major tools to permit the economic transformation, “we are keen to implement the guidelines of King Salman through a comprehensive system of mechanisms, programs and initiatives,” he added.