2024 budget boosts Saudi economic growth: Al-Sayari

Saudi Arabia’s budget for 2024 aims to boost the Kingdom’s economic growth and development, Ayman Alsayari, Governor of the Saudi Central Bank (SAMA), said.

The Saudi economy proved to be highly resilient to face all global challenges, Alsayari added, pointing to the sound policies and decisions taken to preserve economic gains.

SAMA continued to perform its duties in harmony with the national economic requirements and Vision 2030.

The banking sector has financial solvency, operating efficiency and is able to face challenges.

Alsayari added that the fintech sector witnessed an increase in the number of licensed SMEs, which can support local economy and achieve the financial inclusion goals.

SAMA will continue its strategic role to maintain monetary and financial stability and support delivering Saudi Vision 2030, Alsayari affirmed.