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FINANCIAL NEWS
Saudi’s NTP 2020 to boost its macroeconomic performance
16 Jun 2016
(MENAFN) The effect of Saudi Arabia’s National Transformation Program (NTP 2020) will start by 2017, with growth, fiscal indicators posting a gradual recovery in coming years.
Moreover, the application of the NTP 2020 will enhance Saudi Arabia’s macroeconomic performance in the coming five years.
Additionally, the whole budgeted government cost for NTP equals USD 71.53nbn, with the private sector targeted to contribute the remaining USD 47.71bn.
Public funding will use previous budget allocations as well as new spending from the budget, taking up a combined USD 26.86bn of total spending.
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