The Saudi finance minister has officially approved the Kingdom’s annual borrowing plan for 2024, covering various financial aspects for the new year.
Mohammed Al-Jadaan gave the green light to the strategy following the endorsement by the National Debt Management Center’s board during its recent meeting.
The comprehensive plan encompasses key aspects such as public debt developments, financial market initiatives, and the funding plan and guidelines for the year 2024, according to a statement.
Additionally, it outlines the calendar of domestic sukuk issuances under the Local Saudi Sukuk Issuance Program in Saudi riyal. The 2024 annual borrowing plan, a crucial component in managing the country’s financial landscape, projects financing needs at approximately SR86 billion ($23.22 billion).—AN
