Congratulating The Custodian of the Two Holy Mosques and his Crown Prince, On the occasion of announcing the largest expenditure budget in the history of Saudi Arabia. Dr. Fahad Altekhaifi: Growth budget, development and transparency trends, and emphasis on the accuracy of the objectives On his behalf and on behalf of all members of the General Authority for Statistics (GASTAT) and all the statistical sectors in the Kingdom of Saudi Arabia, Dr.Fahad Bin Sulaiman Altekhaifi congratulates The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz AL-Saud and his Crown Prince HRH Prince Mohmmad Bin Salman ALSaud, On the occasion of announcing the budget for the fiscal year 1439/1440 H as the largest expenditure budget in the history of Saudi Arabia. This achievement was a result of the directives of the wise leadership of this country to reduce the budget deficit for the current fiscal year by more than (25%) compared to the previous fiscal year despite the high expenditure. Dr. Altekhaifi stressed that the contents of the speech of the Custodian of the Two Holy Mosques in the budget declaration came to confirm the continuation of the development and improvement towards achieving the vision of the Kingdom (2030) to increase the size of the national economy and keep its growth. As well as, the continuation to diversify the economic base and income sources to enhance the ability to adapt to the developments and overcome the challenges and to ensure that the private sector can play a greater role in the development. Moreover, The Custodian of the Two Holy Mosques, in the budget declaration, stressed on the need to ensure that the burden on citizens will be minimized, he also stressed on dealing with the potential effects as well as supporting the private sector, identifying the objectives to reduce the budget deficit for next year to be less than (8%) of GDP despite the large and expanding budget and the continuation to reduce the dependence on oil. He also emphasized on the continuation to fight corruption and maintain the public money to pursue a bright future for the country. In addition, Dr. Altekhaifi added that this speech confirms the keenness of the wise leadership to ensure that prosperity will prevail in all regions of the Kingdom and that was confirmed by the Custodian of the Two Holy Mosques also that this budget will continue to be disbursed to various development sectors in all regions of the Kingdom at high rates. The Custodian of the two Holy Mosques concluded his speech ensuring that he had kept in mind that he would continue to work towards comprehensive and balanced development to all regions of the Kingdom and that there is no difference between these regions. The president of the General Authority for Statistics (GASTAT) stressed that the Custodian of the Two Holy Mosques' directive to all officials to raise the level of performance, develop government services, enhance the efficiency of expenditure and transparency to meet the aspirations and obtain the satisfaction of citizens for the services provided to them is a road map to be used by all government entities and in all areas of development. On the other hand, Dr. Fahad bin Sulaiman Altekhaifi said that all the important changes in the structure and mechanisms of the Saudi budget are considered strong cornerstones for the future on the intermediate and long terms. The budget included anticipations about the economy performance on the intermediate term “five years” which assured how clear and accurate are the objectives that the country works on to achieve a financial balance in 2023.  The announcement of these anticipations will be a fundamental base in managing the economic growth in all developmental fields. It will also enhance the transparency and disclosure values, which are values adopted by Saudi Arabia as strategic values in achieving the financial balance program as they comply with the announced objectives of the 2030 Saudi vision. Moreover, the announcement of the developmental funds and the investment fund collaborations in the capital and investment expenditure which exceeded the budget capital expenditure in the past years, in addition to the continuity and increase of the capital expenditure will have a strong impact on the economic development. Altekhaifi indicated that the 2018 budget statement is a result of the new political and economic policies which rely on strong bases both economically and administratively. It also asserts that we are going through the right path toward the future which started to be obvious through the wise economic management that the economic and development affairs council represents. The economic reforms that started with the announcement of the ambitious vision pushed the country towards a change through implementing a financial and economic policies system to improve the efficiency of the government expenditure, and found new non-oil income sources to create a kind of financial balance as a strategic objective on the intermediate term. This will be reflected on the economy of the country and will improve the citizen’s living standard.  GASTAT president added that the announced investments will affect the development positively, as it will enhance the economic growth, collaborate in improving the main services provided to citizens, and motivate the private sector which gets an unlimited support as it is considered a fundamental partner and a main axis in the development process. Furthermore, the high-yield investments that affect development in general and human resources in particular will contribute in increasing the Saudi citizen living standards.  He also mentioned that the budget with all its components will guarantee achieving an effective contribution to improve the efficiency of the government expenditure on one hand, and the quality, accuracy, and transparency of the financial accounts on the other hand. However, moving from cash basis accounting to accrual basis accounting will collaborate in increasing the financial efficiency which will be reflected on the projects outputs that the citizen get benefited from. GASTAT president concluded with prayers to this country “May God keep this country secured and prosperous”

On Tuesday the 3rd of Rabe’a first 1439H corresponding 21st of November 2017, the general authority for statistics (GaStat) has issued the cost of living index’ monthly report for the month of October. The report has been published on the official website of the authority www.stats.gov.sa ,  as the cost of living index has registered a decline by 0.2% in October 2107 compared to last month (September 2017).  The monthly report which was issued by GaStat clarified that the cost of living index in Saudi Arabia has recorded (137.5) in October 2017 which is a decline by 0.2% compared to September 2017 during which it recorded (137.8).       The report attributed this monthly decline of the indicator to the declines of the six main sections that compose the cost of living index which are: transportation section by (1.0%), House Furnishing, equipment, and maintenance section by (0.4%), food and beverages section by (0.3%), restaurants and hotels section by (0.2%), clothes and shoes section by (0.1%), and the sections of housing, water, electricity, gas, and the other kinds of fuel by (0.1%).       On the other hand, three main sections of the indicator have registered an increase which are: health section by (0.4%), culture and leisure section by (0.3%), and telecommunication section by (0.2%).       However, the sections of tobacco, education, commodity and services have not registered any worth mentioning change.

As the First Country in the Middle East.. with the Aim of Working to Improve the Statistics of Tourism  The General Authority for Statistics (GaStat): The Kingdom is enhancing its statistical position at an international level with the membership of the international expert group The Kingdom of Saudi Arabia enhanced its statistical position at an international level after the joining of GaStat and the Saudi Commission for Tourism & National Heritage to the membership of the international expert group that is concerned with the Tourism Satellite Account of 2017, to be the first country in the Middle East that has been nominated to accomplish the Tourism Satellite Account according to the World Tourism Organization (UNWTO) standards. UNWTO has also nominated the Kingdom of Saudi Arabia to execute the capacity building program. This initiative ensures an effective execution for information systems and tourism in all countries in the Middle East. Therefore, the Kingdom will represent these countries in managing the project, it is also considered as a mediator to transfer the knowledge and the experience of the organization to the Middle East countries. Moreover, the international experts group will work on preparing a guide to standardize and enhance the statistics of tourism and strengthen the support for the statistics within the United Nation system.  Additionally, the statistics committee and the Tourism Satellite Account will handle the coordination with international authorities and institutions to lead the statistics, set its standards within the United Nation system and support the member countries to enhance their national regulations for the tourism statistics and Tourism Satellite Account.  The president of GaStat Dr.Fahad Bin Sulaiman ALTekhaifi assured that the authority will work in partnership with the Saudi Commission for Tourism & National Heritage to maximize the benefit from this membership at all levels. He added that choosing two entities from the Kingdom of Saudi Arabia for membership of the international experts group, which is considered with the Tourism Satellite Account 2017, is an extension of the Kingdom's role in improving all the statistical fields and it shows what the statistical sector finds from the wise leadership (May God support them) for its unlimited support. In addition, it is also a result of  joint efforts and integration between GaStat and the Saudi Commission for Tourism & National Heritage in the field of tourism statistics. It is noteworthy to mention that the two authorities (Statistics and Tourism) have signed a memorandum of understanding in the field of information, statistics and the regulations of the governmental decision support. The signing was under the sponsorship of HRH the governor of Riyadh city, prince Faisal Bin Bandar Bin Abdulaziz AL-Saud, last March of this year within the events of the tourism investment and travel forum in Riyadh city.

Within the joint committee meetings events on the occasion of completing 55 years in the capital city Seoul  Saudi Arabia and South Korea Signed a Memorandum of Understanding in the Field of Statistics    Saudi Arabia and South Korea signed on Friday 7th of Safar 1439 H (27th of October 2017) in Seoul the capital city of South Korea a memorandum of understanding (MOU) to cooperate in the field of statistics. It aims to establish a cooperation between the two countries in the field of statistics by exchanging administrative and technical experiences that are related to the work of official statistical entities. Moreover, the signing ceremony was held within the “Saudi-Korean” joint committee meetings events on the 26 and 27 of this October. These events were held in the capital city of Korea on the occasion of completing 55 years of relationship between The Kingdom and Korea. The memorandum was signed by his excellency the president of GaStat Dr.Fahad Bin Sulaiman AL-Tukhaifi from the Saudi side and by the official commissioner of the Korean statistics Mrs. Hwang Soo Kyeong from the Korean side. A number of the two countries officials have attended the ceremony. In addition, his excellency the president of GaStat Dr.Fahad Bin Sulaiman AL-Tukhaifi expressed in his speech for this occasion his thanks to the Korean side for the warm reception and gracious hospitality that the Saudi delegation had. He also assured on the deep cooperative relationship between the two countries since 55 years ago until now in a noticeable improvement. He said" we are here today and more than half century of relationship between our countries have passed where the relations have improved remarkably in different fields, in which the economic interests have gathered the experts of the two countries on the tables of the commercial cooperation. Additionally, the special political relationships between the two countries have attributed in the advancement towards cooperation fields that are more distinguished. Since the kingdom of Saudi Arabia and the Republic of Korea have agreed on establishing diplomatic relations at the ambassadorial level on 16th of October 1962 until this day, the two countries are keeping a strong cooperative relationship as partners and they represent a special model for the West-East convergence”. Dr.AL-Tukhifi added that signing the statistical memorandum between the two countries came along with the new Saudi Vision 2030 where it opens wider horizons for cooperation. The statistical partnership is a qualitative partnership to transfer successful experiences and effective cooperation in the fields of statistical data and information which is considered the strongest cornerstone towards future. It is noteworthy to mention that the statistical memorandum between Saudi Arabia and south Korea includes points for cooperative work in developing technical mechanisms necessary for collecting and publishing statistics according to international standards, determining the fundamentals of statistical databases in different statistical fields, exchanging experiences concerning the necessary requirements for establishing an information central system that is linked automatically with all public entities [and their activation mechanisms], developing statistical work in governmental entities in addition to developing government statistical plans, policies, and mechanisms, exchanging statistical awareness programs and organizing joint seminars and workshops which discuss cooperation issues.