The Citizen's Account Program in Saudi Arabia is a cash transfer program that started in December 2017. The program is adopted and implemented by The Ministry of Labor and Social Development.[1] Through the programme, citizens in Saudi Arabia get monthly payments from the state. Saudi Arabia is doing many reforms to reduce the country's dependency on oil revenues, but many of these reforms have overburdened some citizens. The Citizen's Account, which is a form of basic income, is designed to balance this up, to avoid burdening lower income families which would otherwise occur despite higher prices for oil, fuel and energy. This financial support comes as a response to the increase the costs of electricity and petrol as well as the imposing of VAT on many products.[2]
In December 2017, immediately before the programme began, more than 3.7 million households had registered, representing 13 million people, or more than half the population.[3] As of 2013[update], between 1/5 and 1/3 of Saudi residents are estimated to be non-citizens.[4][5][6]
As of March 2021, the programme has officially paid out over £400,000,000.
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Transcription
Program objectives
- Developing the services given to citizens
- Improving the government's expenditure and operation efficiency
- Providing assistance to citizens with a high level of transparency and efficiency[7]
See also
References
- ^ "'Citizen Account Programme' to help Saudis face economic changes". Arab News. 2017-12-13. Retrieved 2019-02-10.
- ^ "'Citizen Account Program' to help Saudis face economic changes". Arab News. 2017-12-13. Retrieved 2019-02-10.
- ^ Nereim, Vivian; Carey, Glen (2017-12-12). "Saudi Arabia Will Give Cash to Poorer Citizens Hit by Austerity". Bloomberg.com. Retrieved 2018-06-16.
- ^ Saudi Arabia. The World Factbook. Central Intelligence Agency.
- ^ The Economist magazine lists an estimated nine million: "Go home, but who will replace you?". The Economist. 16 November 2013. out of a population of 30 million: "Saudi Arabia No satisfaction". The Economist. 1 February 2014.
- ^ جريدة الرياض. "جريدة الرياض : سكان المملكة 27 مليوناً بينهم 8 ملايين مقيم". Alriyadh.com.
- ^ "'Citizen Account Program' to help Saudis face economic changes". Arab News. 2017-12-13. Retrieved 2019-02-10.
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This page was last edited on 5 February 2024, at 10:47