THE MINISTRY OF FINANCE IS EXPLORING ECONOMIC REFORMS AND WAYS TO BOOST NON-OIL REVENUES
Finance Minister Taif Sami directed on Wednesday that non-oil revenues be strengthened. The ministry said in a statement that “Minister of Finance, Taif Sami, chaired today the periodic meeting of the ministry’s advisory board, in the presence of the advisor and the directors general of the ministry and its formations,” indicating that “during the meeting, financial and economic reforms were reviewed and discussed,
with a focus on evaluating the institutional performance of the past period and developing plans to raise the efficiency of administrative and financial work in line with the directions aimed at achieving financial stability in the country.”
She added that “the meeting witnessed discussions on vital issues, foremost among them the axis of maximizing public revenues.” The minister stressed “the need to intensify efforts and push towards enhancing non-oil revenues in accordance with a modern vision that adopts digital transformation.” She stressed “the importance of joint coordination between the ministry’s departments towards a comprehensive structural reform that ensures the sustainability of financial resources and directs them towards the most important development sectors.”