Budget 2023. Citizen First
Abdulaziz Alissa
We can proudly call the Kingdom's 2023 budget “Citizen First”, because it focused directly on the basic services needed by the citizen wherever his location, as SR 111 billion was allocated to these services, or 10% out of the total expected spending of SR 1,114 billion.
This is the estimated percentage of the budget that is estimated to be spent on these services. <The share of municipal services reached 63 billion riyals, education 189 billion riyals, and the same for the health sector, while the housing sector found special attention in the new budget; 3. 8 billion riyals were allocated for housing, and 6.These statistics will increase our certainty and confidence that home ownership will rise to 70%, and every Saudi citizen will enjoy his own home away from the burden of rents. <This blessed budget comes on the heels of the current year 2022, which is full of various achievements in the housing sector that witnessed the launch of 24,000 housing units <a style="color: #ff0000;" href="https://amlak.net., enabling 140,000 families to own their first home, providing 98,000 financing contracts, and contracting the construction of 30,000 housing units for the neediest families in cooperation with charitable organizations. These numbers and joyful achievements will increase our happiness and gratitude to the wise leadership as it presents the targets for 2023; where it is planned to benefit 120,000 families from options and solutions and pump 50,000 housing units in partnership with the private sector.
These numbers and achievements will increase our happiness and gratitude to the wise leadership as it presents the targets for 2023; where it is planned to benefit 120,000 families from options and solutions, and pump 50,000 housing units in partnership with the private sector.
Therefore, we expect the real estate sector to witness more partnerships and possibilities that will enhance the initiatives that have been launched to strengthen the strength and durability of the partnership between the two sectors (public and private), and we must not look at this partnership only in building, construction and development operations only, but we must look at an open horizon for the real estate economy that includes investment in building materials factories, modern technologies, real estate education, training and qualification and other possibilities.
This budget contributes to the development of the real estate sector. This budget contributes with the private sector to activate capacities and energies so that its contribution to GDP rises to 65% and help diversify the economy and generate new jobs for national cadres.
