CEDA Reviews Saudi Economy's Resilience and Progress in Latest Meeting

KSA, 12 August, 2024 : The Saudi Council of Economic and Development Affairs (CEDA) held a virtual meeting on Sunday to review the robust performance of the Saudi economy, which continues to withstand global challenges.

Key topics included the Ministry of Economy and Planning's report on global and local economic performance for August 2024, highlighting Saudi Arabia's resilience. The report noted a decline in inflation to 1.5% in July and an 8.2% year-on-year increase in commodity exports, driven by economic diversification.

The Ministry of Finance presented a second-quarter report on the 2024 state budget, covering financial performance, revenue, expenditure, and public debt. The discussion also focused on service quality improvements, social protection programs, infrastructure development, and strategic projects aligned with Vision 2030.

Additionally, CEDA reviewed updates from the Project Management Office on the implementation of decisions from Q2 2024 and a presentation on the Digital Content Program's achievements in 2023, including ongoing initiatives and proposed solutions to challenges.

Source : www.zawya.com