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His Majesty approves Tenth Five-Year Plan, state budget

2 Jan 2021 By ONA

His Majesty Sultan Haitham bin Tarik issued two Royal Decrees on January 1, reading as follows:

Royal Decree No 1/2021 approves the Tenth Five-Year Development Plan 2021-2025.

Article 1 endorses the Tenth Five-Year Development Plan (2021-2025) the goals of which are indicated in Annex 1, attached to the decree.

Article 2 stipulates that the Tenth Five-Year Development Plan will be implemented in accordance with its financial structure stated in the attached Annex 2, and in line with the Medium-Term Fiscal Balance Plan issued by the Ministry of Finance.

Article 3 approves the national economy’s strategic approaches /guidelines of the plan as indicated in the attached Annex 3.

Article 4 approves the Five-Year Plan’s projects in accordance with the general guidelines/precepts indicated in the attached Annex 4.

Article 5 states that the Ministry of Economy will publish the details of the plan in reports to be drafted exclusively for this purpose.

Article 6 instructs all units of the state’s administrative apparatus and other public legal entities to execute the Tenth Five-Year Development Plan without prejudice to the provisions of enforced laws and bylaws.

Article 7 states that the Ministry of Economy will issue the Ledger of Strategic Programmes of the plan during the first quarter of 2021 provided the plan’s first year projects are specified in coordination between the Ministry of Economy and other concerned departments.

Article 8 instructs the Ministry of Economy to conduct regular assessment of the Tenth Five-Year Development Plan in light of local, regional and international developments.

Article 9 states that this decree will be published in the Official Gazette and enforced from  January 1, 2021.

Royal Decree No 2/2021 ratifies the State’s General Budget for Fiscal Year 2021.

Article 1 ratifies the State’s General Budget for Fiscal Year 2021 according to the tables/schedules attached to the decree.

Article 2 instructs all units of the State’s Administrative Apparatus and other public legal entities to implement the provisions of this decree, each within the scope of its prerogatives.

Article 3 states that this decree will be published in the Official Gazette and enforced from  January 1, 2021. 

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