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Governor of SAMA: FY2025 Budget Boosts the Kingdom’s Economic Growth Trajectory
11/26/2024 8:15 PM
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The Governor of the Saudi Central Bank (SAMA), H.E. Ayman M. Al-Sayari, congratulated the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and the Crown Prince and Prime Minister, HRH Prince Mohammed bin Salman bin Abdulaziz, on the approval of the state budget for the fiscal year 2025, which aims to enhance sustainable development and the Kingdom's economic growth trajectory and empower the private sector.
H.E. stated that the Saudi economy has shown strong resilience and adaptability in addressing the global economy's challenges. In this regard, H.E. noted that the monetary conditions in the Kingdom are reassuring due to SAMA's prudent monetary policy. Additionally, H.E. indicated that the banking sector maintains strong solvency, operational efficiency, adequate liquidity, and the capacity to face challenges.
Al-Sayari emphasized SAMA's continued strategic role in maintaining monetary and financial stability, supporting the objectives of Saudi Vision 2030, and enabling the financial sector to remain capable of contributing to this nation's growth and prosperity under the leadership of the Custodian of the Two Holy Mosques and HRH the Crown Prince.
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