Flag of the Kingdom of Saudi Arabia
The Council of Financial and Growth Affairs held a gathering through video convention.
Initially of the assembly, the Council reviewed the quarterly financial report submitted by the Ministry of Economic system and Planning, which included an evaluation of the newest developments in main economies, world financial prospects, a complete overview of the nationwide financial system in its numerous sectors, future expectations, and a very powerful hypotheses and drivers supporting development prospects, indicating that the Kingdom’s financial system continues its sturdy development, pushed by the constructive efficiency of all financial actions.
In keeping with the Saudi Press Company, the Council reviewed the efficiency report on the state’s common finances for the third quarter of the fiscal yr 2025, submitted by the Ministry of Finance, which included a breakdown of the monetary efficiency till the top of the third quarter of 2025, indicators of revenues, expenditures, and public debt, and the outcomes it included confirming the continued help of improvement and repair tasks, and the implementation of presidency reforms aimed toward attaining monetary sustainability, and diversifying sources of earnings throughout the objectives of the Kingdom’s Imaginative and prescient 2030.
The Council mentioned the report submitted by the Ministry of Well being relating to the progress achieved within the well being transformation path, particularly with regard to finishing the regulatory and operational necessities and the readiness to start implementing the second section of the transformation, which goals to empower the Well being Holding Firm and the Nationwide Well being Insurance coverage Middle as among the many primary pillars in restructuring the well being sector. The report reviewed the well being transformation objectives and probably the most distinguished steps of its implementation over the last interval, together with growing the well being care mannequin and increasing the scope of utility of its preventive and healing paths, which contributed to bettering the convenience of entry to providers, and elevating the standard and effectivity. Well being care, and enhancing prevention towards well being dangers, with the intention to obtain the objectives of the well being sector transformation program throughout the Kingdom’s Imaginative and prescient 2030.
The progress made within the means of adopting a draft regulation for the accession of well being establishments to the Nationwide Well being Insurance coverage Middle community was additionally reviewed. This regulation, upon completion, will contribute to defining the frameworks for the becoming a member of of well being establishments and clusters to the Middle community, and regulating the connection with it, enabling it to handle an built-in well being community based mostly on outcomes, guaranteeing the achievement of high quality well being care, facilitating entry to it by beneficiaries, elevating their stage of satisfaction, and guaranteeing the effectiveness and sustainability of well being care, along with the optimum use of sources in help of enhancing the effectivity of the well being care system within the Kingdom.
The Council thought of the joint presentation from the Ministries of Schooling, Economic system and Planning, Human Assets and Social Growth relating to skilled accreditation and the research {of professional} licenses. The presentation addressed the outcomes of the skilled accreditation program in implementing Cupboard Decision No. (195) relating to guaranteeing that the expatriate employee obtains the {qualifications}, expertise and sensible expertise required by the Saudi labor market earlier than and after coming into the Kingdom, by the 2 tracks (skilled verification – skilled examination), with the purpose of regulating the entry of expatriate employees, elevating the standard of labor market information, and the extent of workforce expertise, along with Based mostly on the outcomes of the research regulating and unifying skilled licensing procedures within the Kingdom, which is able to replicate positively on labor market information and lift the effectivity and high quality of providers supplied.
The Council reviewed the semi-annual presentation submitted by the Human Capability Growth Program and the Ministry of Info, relating to the progress of labor within the (Saudipedia) encyclopedia. The presentation touched on the phases of progress of the encyclopedia since its launch in lots of languages, the expansion of its viewers looking for encyclopedic content material, and efforts to develop the consumer expertise by counting on synthetic intelligence functions to supply data to customers, along with the long run steps of the encyclopedia in enhancing entry to the worldwide viewers, and its instruments in elevating work effectivity in a method that displays the fact of the Kingdom and its progress in all facets, and serves to consolidate its place. The encyclopedia is a dependable supply and enhances belief between it and customers, because the presentation indicated a rise within the quantity of the encyclopedia’s look on search engines like google by 20% in the course of the previous months of September and October, in comparison with July and August, along with a rise within the fee of viewers interplay with the web site by greater than 70%, which is 10% larger in comparison with the earlier interval.
The Council adopted up on a lot of procedural transactions, together with the draft group of the Nationwide Curriculum Middle, the nationwide technique for the insurance coverage sector, the Kingdom’s objectives relating to the soccer system, and the draft doc on the geographical limits for non-Saudis to personal actual property.
The Council mentioned different reviews and displays on its agenda, together with: finding out the extent of the opportunity of establishing skilled packages specialised in an infection prevention and management, the outcomes of a area survey research to measure the event of meals loss and waste charges within the Kingdom, and a research of making use of cognitive improvement checks to well being packages within the Kingdom.
The Council was additionally knowledgeable of the outcomes of the quarterly report on the actual property value index, the 2 semi-annual reviews on authorities companies’ consumption of electrical energy and water, the month-to-month government abstract of international commerce, two summaries of the 2 month-to-month reviews on the buyer value index and wholesale costs, and the essential reviews on which the summaries had been based mostly.
The Council took the required choices and proposals relating to these points.
