Agency News

⚡Saudi Arabia Triples Taxes on Basic Goods to 15%, Cuts $26 Billion in Costs

By PTI

The decision to cut $26 billion in expenses, or about 100 billion Saudi riyals, includes cancelling, extending, or postponing some operational and capital expenditures for government agencies, as well reducing costs for major Vision 2030 projects that are the centerpiece of Crown Prince Mohammed bin Salman's economic transformation plan.

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