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Custodian of the Two Holy Mosques Chairs Cabinet’s Session 2 Jeddah

The Cabinet was briefed on the statement issued by the Coalition for Supporting Legitimacy in Yemen and its clarification on the report of the High Commissioner for Human Rights issued on 28 August 2018 on the situation of human rights in Yemen, and the Cabinet commended the statement's refutation and disagreement of most of the conclusions, allegations, fallacies and impartiality.

The Cabinet expressed the Kingdom of Saudi Arabia's strong condemnation and denunciation of the terrorist attacks that took place in a number of sisterly and friendly countries during the past few days, confirming the Kingdom's solidarity and support for the measures taken by them to combat acts of violence, terrorism and extremism targeting security and stability around the world and offered its condolences and sympathies to their governments and peoples as well as to the families of the victims and wished the injured a speedy recovery.

The Minister said that the Cabinet hailed the quarterly report on the performance of the State budget for the 2nd quarter of fiscal year 1439/1440 H (2018) issued by the Ministry of Finance, which reflected an improvement in the performance of public finance and a continuation of efforts being exerted to implement reform and economic plans aimed at economic diversification and achieving financial sustainability, included indicators and data reflecting the government's commitment to transparency and financial disclosure, strengthening fiscal governance and public finance's control and moving forward towards the achievement of the fiscal balance program's goals.

The Cabinet also expressed the Kingdom of Saudi Arabia's appreciation of the International Monetary Fund (IMF) for its welcoming of the Kingdom's efforts in promoting medium-term public finance framework initiatives, developing financial and economic risk management, increasing public finance transparency, developing public and aggregate finance analysis and encouraging it for further development of such initiatives.

Source: Saudi Press Agency

Custodian of the Two Holy Mosques Chairs Cabinet’s Session 2 Jeddah

The Cabinet was briefed on the statement issued by the Coalition for Supporting Legitimacy in Yemen and its clarification on the report of the High Commissioner for Human Rights issued on 28 August 2018 on the situation of human rights in Yemen, and the Cabinet commended the statement's refutation and disagreement of most of the conclusions, allegations, fallacies and impartiality.

The Cabinet expressed the Kingdom of Saudi Arabia's strong condemnation and denunciation of the terrorist attacks that took place in a number of sisterly and friendly countries during the past few days, confirming the Kingdom's solidarity and support for the measures taken by them to combat acts of violence, terrorism and extremism targeting security and stability around the world and offered its condolences and sympathies to their governments and peoples as well as to the families of the victims and wished the injured a speedy recovery.

The Minister said that the Cabinet hailed the quarterly report on the performance of the State budget for the 2nd quarter of fiscal year 1439/1440 H (2018) issued by the Ministry of Finance, which reflected an improvement in the performance of public finance and a continuation of efforts being exerted to implement reform and economic plans aimed at economic diversification and achieving financial sustainability, included indicators and data reflecting the government's commitment to transparency and financial disclosure, strengthening fiscal governance and public finance's control and moving forward towards the achievement of the fiscal balance program's goals.

The Cabinet also expressed the Kingdom of Saudi Arabia's appreciation of the International Monetary Fund (IMF) for its welcoming of the Kingdom's efforts in promoting medium-term public finance framework initiatives, developing financial and economic risk management, increasing public finance transparency, developing public and aggregate finance analysis and encouraging it for further development of such initiatives.

Source: Saudi Press Agency

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