Saudi Arabia announced 120 billion riyals initiatives to counter the financial and economic impacts of the Corona epidemic (Covid 19).
The Minister of Finance and the Minister of Economy and Designation, Muhammad bin Abdullah Al-Jadaan, said that the government has taken a number of precautionary measures to contribute to protecting citizens and residents in the Kingdom, and provide the financial requirements necessary to implement preventive and direct measures to deal with the consequences of the epidemic and work to limit its spread, and ensure the continuity of the work of the agencies Government, Saudi Press Agency (SPA) reported on Friday.
He stressed that the health and safety of citizens and residents comes first in the priorities of government action, and that the government will provide the additional credits required for the health sector, as well as provide health services necessary for prevention, treatment and non-proliferation.
The Minister of Finance and the Minister of Economy and Designated Minister indicated that the government has prepared urgent initiatives to support the private sector, especially small and medium enterprises and economic activities most affected by the consequences of this epidemic, as the size of these initiatives amounts to more than 70 billion riyals, and is exemptions and postponement of some government dues to provide Liquidity for the private sector so that it can be used to manage its economic activities, in addition to the support program announced by the Saudi Arabian Monetary Agency to banks and financial institutions, and small and medium enterprises at an amount of 50 billion riyals at the current stage.
- The government will provide the required funds for the health sector, and the services needed to prevent and prevent proliferation.