SAMA’s Governor: Saudi Budget 2024 Drives Economic Growth and Advances Development
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H.E. Ayman Al-Sayari, Governor of the Saudi Central Bank (SAMA), extended heartfelt congratulations to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and HRH Crown Prince and Prime Minister, Prince Mohammed bin Salman on the announcement of the state's general budget for the fiscal year 2024, which was strategically aligned to bolster the Kingdom's economic growth.
The Governor reaffirmed SAMA's unwavering commitment to aligning its efforts with the requirements of the national economic landscape and the ambitious goals set forth in Saudi Vision 2030.
Al-Sayari stated that the Saudi economy has demonstrated remarkable resilience in the face of global challenges due to the Kingdom's wise policies and decisions aimed at safeguarding economic gains.
The Governor underscored the robust position of the Saudi banking sector, highlighting its strong solvency and liquidity, operational efficiency, and proven resilience. He also drew attention to the burgeoning landscape of financial technology, noting a rise in the licensing of new entities, particularly from small and medium enterprises (SMEs), a trend that is poised to fortify the local economy and propel progress towards financial inclusion targets.
Al-Sayari concluded by reaffirming SAMA's commitment to its strategic role of maintaining the Kingdom's monetary and financial stability and contributing to the realization of Saudi Vision 2030. This endeavor aims at empowering the financial sector to fortify the foundations of the economy and its ongoing developmental journey, guided by the Saudi wise leadership.
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