Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz issued three royal decrees on the State budget for FY 2008 (1427/1428 H) today.
The first decree:
First: The state’s revenues for FY 1428 / 1429 H are estimated at SR 450 billion [$121 billion], and its expenditures for FY 1428 / 1429 H at SR 410 billion [$109.3 billion].
Second: Revenues are levied in accordance with financial regulations and wholly deposited in the current account of the Ministry of Finance at the Saudi Arabian Monetary Agency (SAMA).
Third: The Minister of Finance is authorized to withdraw from this account to replenish the expenditures for the projects currently financed from the surpluses of FY 1424/1425, 1425/1426, and 1426/1427 H.
Fourth: Expenditures are disbursed according to the budget and relevant instructions.
Fifth: The surplus of this budget is to be transferred to the State's Reserve Account. No withdrawals are allowed from it unless according to a royal decree in cases of utmost necessity dealing with the state's vital interests with special reference to Article Six of this decree.
Sixth: The Minister of Finance is authorized to borrow and transfer from the state's reserve account if deemed necessary to finance repaying public debt or cover the budget's deficit, if any.
Seventh :( A) The transfers from a budget's accredited chapter or branch could take place according to a decision by the Minister of Finance based on a joint report between him and the relevant minister or head of an independent- budget authority.
(B) The transfers between appropriations in the budget's chapters could take place by a decision of the Minister of Finance.
(C) Transfers among the articles of each of Chapter I and Chapter II and between the Operation and Maintenance Programs in Chapter III could take place by a decision of the relevant minister or the head of the independent-budget authority provided that any single transfer to any article or program should not exceed half of the original appropriation accredited for the recipient article or program except salaries' articles and programs. However, if the transfer of more than half the appropriation deemed necessary, it could take place according to a decision by the Minister of Finance.
D) Transfers between the appropriations of the non-annual Operations and Maintenance Programs in Chapter III and projects in Chapter IV could take place by a decision of the relevant minister or the head of the independent-budget authority.
E) Transfers between the costs of each of the Operations and Maintenance Programs in Chapter III and projects in Chapter IV could take place by a decision of the Minister of Finance.
Eighth: Using an appropriation in none of its specialization or issuing an order of commitment or disbursement exceeding the accredited appropriation or commitment in any means that is not accredited in the budget is not allowed.
Ninth: It is not allowed to issue a decision or conclude a contract that will incur an obligation on an incoming financial year except for the following:
(A) Contracts with ongoing implementation or periodical execution such as leasing, labor, services, supply of rations, medicines, medical equipment and consultant services contracts to which annual appropriations are repeatedly allocated.
(B) Supply Contracts, costs of which are approved in Chapter II, and which require contracting for more than a year provided that the annual value of the contract runs within the budget allocations, taking the first fiscal year's appropriations as criterion to determine the value of the contract and it should not be associated to an amount allotted for another purpose.
(C) Contracts of operation and maintenance programs and the implementation of projects provided that they should be committed to the ceiling of the approved costs for each program or project.
Tenth: If it appears during the fiscal year 1428/1429 H that there are amounts allotted in budgets of the last years but the expenditure has surpassed the approved appropriation, they should then be forwarded to the Chairman of the Council of Ministers to decide whether the mishandling was a result of unjustified behavior, otherwise the Minister of Finance or his deputy is allowed to issue permission to withdraw the amounts from appropriations in FY 1428/1429 H.
Eleventh: The administrative formations for each body are accredited according to the professions of the public budget and it is not allowed to amend them, except by a decision of the Higher Committee for Administrative Reform or by a decision based on the outcome of the Ministerial Committee for Administrative Organization.
Twelfth: Appointing or promoting personnel or workers is not allowed except on the jobs already accredited in the budget and under the conditions and situations stated in the current systems and regulations.
The second decree:
First: The expenses of municipalities and rural compounds for FY 1428/1429 H are estimated at (SR 16,257,946,000).
Second: The revenues of governorates, municipalities and rural compounds for the fiscal year 1428-1429 AH are estimated at (SR 2,103,506,000).
Third: The difference between direct revenues and expenses amounted to (SR 14,154,440,000) shall be approved in the State's general budget.
Fourth: The expenditures shall be disbursed in accordance with the applicable financial regulations and instructions.
Fifth: Governorates, municipalities and rural compounds shall levy their revenues in accordance with applicable regulations and instructions and the concerned bodies shall follow-up the implementation of this.
Sixth: The provisions of articles (3, 7, 8, 9, 10, 11, 12, 13, 14, 15) of the Royal Decree No. (M/96) dated 30/11/1428 H. regarding approving the General State Budget for the fiscal year 1428-1429 H shall be applied to the budgets of governorates, municipalities and rural compounds.
Seventh: Upon the approval of the Premier and the recommendation of the Minister of Municipal and Rural Affairs and the Minister of Finance, the surplus from the allocations of the budget items for governorates, municipalities and rural compounds shall be transferred to the allocations of other budget items for governorates, municipalities and rural compounds.
Eighth: The Minister of Finance shall issue necessary instructions to implement these budgets within the rules set forth in this decree.
Ninth: The Deputy Premier, the Minister of Municipal and Rural Affairs and the Minister of Finance, each according to his liability, shall implement this decree.
The third decree:
First: Revenues and expenditures of general organizations whose budgets are annexed to the state's general budget for fiscal year 1428/1429H are estimated and approved as follows (exchange rate about US$1 = SR 3.75):
1-Revenues of General Organization of Ports are estimated at SR 2,300,000,000 and approved expenditures at SR 827,049,000.
2-Revenues and expenditures of General Organization of Saudi Arabian Airlines are estimated at SR 17,400,000,000.
3-Revenues of General Organization of Grain Silos and Flour Mills are estimated at 1,348,000,000 and approved expenditures at 914,606,000.
4- Revenues and expenditures of General Corporation of Saline Water Conversion are estimated at SR 5,053,160,000.
5-Revenues and expenditures of General Organization of Railways are estimated at SR 823,598,000.
6- Revenues and expenditures of Royal Commission of Jubail and Yanbu are estimated at 5,583,605,000.
7- Revenues and expenditures of Saudi Arabian Commission of Specification and Standardization are estimated at SR 155,837,000.
8- Revenues and expenditures of Saudi Arabian General Investment Authority are estimated at SR 103,594,000.
9- Revenues and expenditures of King Saud University are estimated at SR 3,698,236,000.
10- Revenues and expenditures of King Abdulaziz University are estimated at SR 2,467,721,000.
11- Revenues and expenditures of King Fahd University of Petroleum and Minerals are estimated at SR 821,994,000.
12- Revenues and expenditures of Imam Mohammed bin Saud Islamic University are estimated at SR 1,866,006,000.
13-Revenues and expenditures of Islamic University are estimated at SR 431,063,000.
14-Revenues and expenditures of King Faisal University are estimated at SR 2,164,959,000.
15-Revenues and expenditures of Umm Al-Qura University are estimated at SR 1,492,990,000.
16-Revenues and expenditures of King Khalid University are estimated at SR 1,398,835,000.
17-Revenues and expenditures of Taibah University are estimated at SR 890,141,000.
18-Revenues and expenditures of Al-Qassim University are estimated at SR 1,096,143,000.
19-Revenues and expenditures of Al-Taif University are estimated at SR 774,964,000.
20- Revenues and expenditures of Jazan University are estimated at SR 541,344,000.
21- Revenues and expenditures of Jouf University are estimated at SR 459,416,000.
22- Revenues and expenditures of Hail University are estimated at SR 480,777,000.
23- Revenues and expenditures of Tabuk University are estimated at SR 364,211,000.
24- Revenues and expenditures of Baha University are estimated at SR 323,674,000.
25- Revenues and expenditures of Najran University are estimated at SR 320,005,000.
26- Revenues and expenditures of Northern Border University are estimated at SR 316,000,000.
27- Revenues and expenditures of Girls University in Riyadh are estimated at SR 1,357,803,000.
28- Revenues and expenditures of the General Organization for Technical Education and Vocational Training are estimated at SR 3,433,601,000.
29- The revenues and expenditures of King Abdulaziz City for Sciences and Technology are estimated at SR 857,731,000.
30- The revenues and expenditures of General Administration Institute are estimated at SR 288,282,000.
31- The revenues and expenditures of King Faisal Specialist Hospital and Research Center at 3,364,000,000.
32- The revenues and expenditures of Saudi Red Crescent Society are estimated at SR 630,400,000.
33-The revenues and expenditures of Military Industries Corporation are estimated at SR 1,063,301,000.
34- The revenues and expenditures of Saudi Geological Survey are estimated at SR 146,435,000.
35- The revenues and expenditures of Supreme Commission for Tourism are estimated at SR 347,000,000.
36- The revenues and expenditures of Communications and Information Technology Commission are estimated at SR 300,000,000.
37- The revenues and expenditures of Food and Drug Authority are estimated at SR 220,000,000.
38- The revenues and expenditures of Saudi Post are estimated at SR 1,516,132,000.
39- The revenues and expenditures of General Authority of Civil Aviation are estimated at SR 4,763,704,000.
40- Revenues and expenditures of Human Rights Commission are estimated at SR 52,073,000.
41- Revenues and expenditures of General Commission for Housing are estimated at SR 69,000,000.
Second: The surplus of revenues and unpaid amounts drawn from budget allocations shall be deposited in the current account of the Ministry of Finance at the Saudi Arabian Monetary Agency (SAMA).
Third: Revenues and expenditures shall be levied and disbursed in accordance with applicable regulations and instructions.
Fourth: With the exception of the General Organization for Saudi Arabian Airlines, the budgets of other general organizations shall be governed by the provisions provided for in articles (3-7-8-9-10-11-12-13-14-15) of the Royal Decree No. (M/96) dated 30/11/1428 H approving the General Budget for the fiscal year 1428/1429 H.
Fifth: The Minister of Finance shall issue the necessary instructions for implementation.
Sixth: The Deputy Premier, Ministers and Heads of Authorities with independent budgets shall, each according to his liability, implement this Decree accordingly.