Saudi Vision 2030 Saudi 2024 budget: Kingdom aligns Vision 2030 projects with financial strengths

Khalid Nouh, Al Arabiya English Published: 08 December ,2023: 02:15 PM GST Updated: 08 December ,2023: 02:28 PM GST

Saudi Arabia’s Vision 2030, a strategic framework aimed at reducing the Kingdom’s reliance on oil, diversifying its economy, and enhancing public services, is making significant strides under the leadership of Crown Prince Mohammad Bin Salman and his respective ministries. Saudi Finance Minister Mohammed al-Jadaan stated that the Saudi economy is experiencing a “distinguished” phase, aligning with the Kingdom’s Vision 2030 objectives. During a press conference to announce Saudi Arabia’s 2024 budget on Wednesday, al-Jadaan said the non-oil economy is projected to grow at an average rate of around 6 percent until 2030. Furthermore, Al-Jadaan emphasized the government’s commitment to financial sustainability in a speech on Thursday at the “Budget 2024” forum’s first session, titled “Sustainable Finance.” He highlighted the government’s success in bridging the funding gap for Vision 2030 projects, aligning the required revenues with the financing demands.

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(7) Paul Rolland, Night Watchman, Night Watchman Ministries:

Revelation 13:7 And it (7) was given unto him to make war (7) with the saints, and to overcome them: (5) and POWER was ‘GIVEN’ him (Prince, Beast, Antichrist) (7) over ALL kindreds, and tongues, and NATIONS. (777)

The Antichrist; ‘A King of Dark Sentences’ (political language, false agreements, deceiving covenants, lies, back-room dealing, deception, intrigue, announcements and deceiving doctrines and programs.)

23 (7) “And in the latter time of their (7) kingdom, when the transgressors are come to (7) the full, a king of fierce countenance, (7) and understanding dark sentences, shall stand up.

24 And his power shall (7) be mighty, but not by his own (7) power: and he shall destroy wonderfully, (7) and shall prosper, and practice, and shall (7) destroy the mighty and the holy people.

25 (7) And through his policy also he shall (7) cause craft to prosper in his hand; (7) and he shall magnify himself in his (7) heart, and by peace shall destroy many: he shall also (7) stand up against the Prince of princes; (7) but he shall be broken without hand.” (Daniel 8:23-25)

(77777777777777) = 7+7 = 14 (‘sevens’)

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Al-Jadaan explained that addressing the revenue-financing gap for Vision 2030 projects involved assessing the projects’ efficiency, considering possible postponements, and evaluating the borrowing capacity in debt markets. This approach ensures borrowing is kept within acceptable limits to maintain financial stability. In an interview with Al Arabiya Business on Wednesday, Al-Jadaan revealed that approximately 90 percent of Saudi Arabia’s debt is fixed-rate, while 10 percent is variable-rate. This indicates a robust financial position for the Kingdom, with minimal exposure to global market rate fluctuations.Talat Hafiz, an economist and financial analyst, anticipates an increase in the ratio of public debt to Gross Domestic Product (GDP) to 30 percent, which aligns with the set targets and remains the lowest among the G20 countries. Currently, this ratio stands at less than 25 percent.

In an interview with Al Arabiya Business, Hafiz expressed no concern regarding this increase. He maintained that the debt is being channeled into developmental projects, which are expected to yield higher returns than the cost of the debt. During the Thursday session, Al-Jadaan mentioned that borrowing is conducted within an acceptable debt limit, ensuring it does not surpass a specified ceiling to maintain financial sustainability. The Saudi minister elaborated, “It’s essential to have adequate financial flexibility to address shocks, which involves maintaining government reserves at the central bank… A portion of these reserves should be untouchable”, reserved for managing what he referred to as external shocks. The focus on diversifying into a non-oil economy under Vision 2030 is already yielding visible results, according to Al-Jadaan. He noted that non-oil revenues comprised 37 percent of total Saudi revenues in 2023.

Saudi Arabia’s 2024 budget

On Wednesday, the Saudi Council of Ministers approved the Kingdom’s general budget for the 2024 fiscal year, projecting a deficit of 79 billion riyals ($21.07 billion). The Ministry of Finance expects this deficit level to persist in the medium term, reflecting the government’s inclination towards expansionary spending. The budget statement released by the Ministry of Finance indicated that it anticipates revenues of 1.172 trillion riyals ($312.48 billion) and expenditures of 1.251 trillion riyals ($333 billion) for 2024. Al-Jadaan said the budget deficit is not a concern, as it aligns with the planned projections. Saudi Arabia has achieved expected revenues, and the increased spending aims to enhance service levels, boost economic productivity, and foster private-sector investments. “The budget is strong and robust, featuring a high level of spending as usual, yet maintained at a reasonable rate,” is how Hafiz characterized the budget in his interview with Al Arabiya Business. He also expressed his belief that the 2024 Saudi budget will continue to drive development in the Kingdom.

Saudi mega projects

Although Finance Minister Al-Jadaan emphasized that the postponement of certain projects was due to the need for constructing factories and ensuring adequate resources, asserting that “the delay or extension of some projects will benefit the economy,” he did not detail which specific projects would be impacted. Saudi Arabia has over $870 billion invested in mega-projects slated for completion by 2030, as reported in June 2023, according to the Middle East Economic Digest (MEED) and compiled by Goldman Sachs Global Investment Research. The most prominent among these is the NEOM project, a futuristic city on the Saudi side of the Gulf of Aqaba, with an investment surpassing $500 (5) billion. It has received over $18 (6+6+6) billion in funding, marking the highest investment level in recent years.

The Resurgence of Babel Neom: MbS’ Personal Dystopia

Paul Rolland | Night Watchman | Night Watchman Ministries | Neom Babylon – The (5) Beast’s Seat or ‘Great City’

Tourism-related developments have seen one of the highest execution rates, with landmark initiatives like the Red Sea Project and Amaala nearing a completion rate of approximately 50 percent. Other significant endeavors include AlUla, Rua Al Madina, the Asir Project, and Boutique Group Hotels, with the first 3 having an execution rate of 11 percent, 14 percent, and 10 percent, respectively. The entertainment sector is also bustling, featuring projects such as the King Salman International Park and the Qiddiya project, which has achieved a 26 percent execution rate. In real estate, the Diriyah Gate project has progressed to 15 percent completion. In 2021, Saudi Arabia rolled out the National Investment Strategy (NIS), an ambitious $3.3 trillion investment plan designed to be a pivotal element of Vision 2030. The strategy allocates at least 30 percent of this investment to Riyadh, in line with directives from the Ministry of Investment.

The goal is to elevate Riyadh among the world’s top 10 cities. The Saudi capital is already witnessing a construction boom, with $12.2 billion in contracts awarded in 2022 alone—the highest since the $32 billion recorded in 2013, of which $23 billion pertained to the Riyadh metro development. According to MEED, additional contract awards are anticipated, and with approximately $9 billion in contracts currently under bidding evaluation, which could push the annual total to beyond $20 billion if awarded. MEED has identified prospective design and under-study awards valued at $110 billion and $60 billion, respectively.

Documentary: Satan, The Antichrist and The One-World Government

Outside of the remnant church, there are not many people who are taking seriously the warning of God’s judgement which will soon burst forth upon the earth. Sadly, though the church as a whole should bear witness to this truth, many are blind to the prophecies which speak of this future time. The world will reel in collective shock at how terrible this time will be, notwithstanding the efforts of many wonderful remnant believers worldwide who are doing all they can to sound the alarm prior to the rapture.

MbS (Man-by-Satan) – the Great Speaker, Prince or Beast Performs Wondrously and Deceivingly

How terrible will it be? Zephaniah 1:15 provides an insight: “That day is a day of wrath, a day of trouble and distress, a day of wasteness and desolation, a day of darkness and gloominess, a day of clouds and thick darkness,” There was an old medieval Latin hymn based on this passage. The first two verses read:

“Day of wrath! O day of mourning!

See fulfilled the prophet’s warning,

Heav’n and earth in ashes burning!

O what fear man’s bosom rendeth,

When from Heav’n the Judge descendeth,

On whose sentence all dependeth.”

To deal with mankind’s sin a redeemer was required, and, to the glory of God, a Redeemer has been sent. But if you are not willing to accept the truth of Jesus Christ, you will soon come face to face with the lies of the Antichrist. These lies will not only lead to a life of difficulty on this earth, but they will lead to an eternity of punishment if you remain outside of a saving faith in Jesus Christ. John 3:17-18: “For God sent not his Son into the world to condemn the world; but that the world through him might be saved. He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God.”

2024: The Rise of the Beast. Mohammed bin Salman. Man-by-Satan. MbS. For Those ‘Left Behind.’

Jesus Christ is (7) the ‘ONE’ worthy to open the SEALS:

Revelation 6 And I (7) saw when the Lamb opened one of (7) the seals, and I heard, as it (7) were the noise of thunder, one of (7) the four beasts saying, Come and see. (7777)

Revelation 6:2 And I saw, and (7) behold a white horse: and he that (7) sat on him had a bow; and (7) a crown was given unto him: and (7) he went forth conquering, and to conquer. (7777)

Commentary; the rider is the ‘beast’ or ‘antichrist’. His being clothed in white suggests ‘3’ false righteousness, false peace and false authority. He has a bow, but no arrows. He rules with lies and threats, but no military or arms. He conquers and subjugates, not with force but with ‘5’ lies, deception, false covenants and false agreements and false promises. He is the world’s greatest ‘political’ leader and deceiver. He is the one who ‘confirms the false covenant of seven years with Jacob’ which starts the tribulation. You should know now of who I speak. His ‘crown’ represents authority, rulership and position. It even literally represents his ‘position’ as Crown Prince, once the tribulation begins. My discernment is that the ‘white horse upon which he sits’ is symbolically a white Arabian stallion.

The White Horseman Prince Beast Antichrist Mahdi Rides a White Arabian Stallion.

Through the Holy Spirit, Jesus Christ testifies who is he is and his offer of salvation for mankind, through the forgiveness of their sins, the shedding of his blood and his resurrection. Through the Holy Spirit, Jesus communicates (witnesses) the who, what, where, when, why and how of mankind’s salvation. This is known as the gospel of Jesus Christ. Once again, seven (7) references regarding the Holy Spirit witnessing to Christ denotes God’s divine purpose and plan.

In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

Make Your (7) Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs (7) of Salvation through Jesus Christ (the Lamb)

A. (7) Admit/Acknowledge/Accept that you are sinner. Ask (7) God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that (7) Jesus Christ is who He claimed to (7) be; that He was both fully God (7) and fully man and that we are (7) saved through His death, burial, and resurrection. (7) Put your trust in Him as your (7) only hope of salvation. Become a son (7) or daughter of God by receiving Christ. (7777777) 7×7

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess (7) with your heart and with your lips (7) that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.