Al-Jadaan: There are no plans to abolish the tax .. and Al-Mubarak: We went up two peaks

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Supporting the global economy with $ 21 billion, and the Kingdom is credited with launching the carbon economy initiative


The press conference held by the Minister of Finance, Muhammad Al-Jadaan, and Dr. Fahd Al-Mubarak, Minister of State, Adviser to the Royal Court and Secretary-General of the Saudi Secretariat of the Group of Twenty, witnessed tremendous joy and applause at the end of the proceedings of the twentieth summit successfully hosted by the Kingdom, and its final statement was read by the Crown Prince, His Royal Highness the Prince Mohammed bin Salman.

The relief and joy of success appeared on the face of “Al-Jadaan” and Al-Mubarak “due to the great cooperation of world leaders, and they set out on the Saudi initiatives and reform steps for the World Trade Organization that the leaders agreed upon in the so-called” Riyadh Document “.

In response to media questions, Minister of Finance Muhammad Al-Jadaan said that the Kingdom faced the Corona pandemic locally and internationally and was able to reduce the impact on the Saudi economy.

He pointed out that there are no current plans to review the value-added tax policy in the short and medium term, and it can be reviewed in the long term, especially since increasing the value-added tax was a difficult option with the aim of supporting the economy and protecting it from the repercussions of the Corona virus.

Al-Jadaan pointed out that the joint statement of the G20 summit was approved unanimously, and for the first time the G20 agreed to launch an initiative to postpone the payment of the debts of eligible countries until April 2021, which would allow those countries to reuse debt installments to support their economy in the face of the repercussions of the Corona pandemic.

The Minister of Finance revealed that the global economy was supported with $ 21 billion, and the Kingdom is credited with launching the carbon economy initiative, in agreement with the leaders, which is the first of its kind to protect the world from pollution by sequestering carbon.

On the other hand, the loud applause from the local and foreign media delegations over the response of the “Saudi sherba”, Dr. Fahd Al Mubarak, Minister of State, Adviser to the Royal Court and Secretary General of the Saudi Secretariat of the G20, when he said: The Kingdom was able to achieve two summits during its presidency of the G20 on March 25, which is an achievement. Unprecedented, and today with the end of the summit work, which is the culmination of the efforts made and the ministerial meetings that took place during the whole year.

Al-Mubarak indicated that the water conservation initiative was launched, in addition to the initiative to combat desertification of agricultural lands and reduce it by 50% by 2040, as well as coral reefs and how to protect them.

He called on citizens and media to visit the largest station in the world on the land of the Kingdom specializing in carbon capture and storage, noting that this is a reason for pride, and a proof of the importance of supporting the carbon economy and preserving the planet.

Dr. Abdullah Al-Mubarak concluded by saying: The Riyadh Agreement at the Twentieth Summit is one of the important pillars, and these reforms will be worked on to help the affected vulnerable groups.

Al-Jadaan: There are no plans to abolish the tax .. and Al-Mubarak: We rose two peaks, not one

Previously

The press conference held by the Minister of Finance, Muhammad Al-Jadaan, and Dr. Fahd Al-Mubarak, Minister of State, Adviser to the Royal Court and Secretary-General of the Saudi Secretariat of the Group of Twenty, witnessed tremendous joy and applause at the end of the proceedings of the twentieth summit successfully hosted by the Kingdom, and its final statement was read by the Crown Prince, His Royal Highness the Prince Mohammed bin Salman.

The relief and joy of success appeared on the face of “Al-Jadaan” and Al-Mubarak “due to the great cooperation of world leaders, and they set out on the Saudi initiatives and reform steps for the World Trade Organization that the leaders agreed upon in the so-called” Riyadh Document “.

In response to media questions, Minister of Finance Muhammad Al-Jadaan said that the Kingdom faced the Corona pandemic locally and internationally and was able to reduce the impact on the Saudi economy.

He pointed out that there are no current plans to review the value-added tax policy in the short and medium term, and it can be reviewed in the long term, especially since increasing the value-added tax was a difficult option with the aim of supporting the economy and protecting it from the repercussions of the Corona virus.

Al-Jadaan pointed out that the joint statement of the G20 summit was approved unanimously, and for the first time the G20 agreed to launch an initiative to postpone the payment of the debts of eligible countries until April 2021, which would allow those countries to reuse debt installments to support their economy in the face of the repercussions of the Corona pandemic.

The Minister of Finance revealed that the global economy was supported with $ 21 billion, and the Kingdom is credited with launching the carbon economy initiative, in agreement with the leaders, which is the first of its kind to protect the world from pollution by sequestering carbon.

On the other hand, the loud applause from the local and foreign media delegations over the response of the “Saudi sherba”, Dr. Fahd Al Mubarak, Minister of State, Adviser to the Royal Court and Secretary General of the Saudi Secretariat of the G20, when he said: The Kingdom was able to achieve two summits during its presidency of the G20 on March 25, which is an achievement. Unprecedented, and today with the end of the summit work, which is the culmination of the efforts made and the ministerial meetings that took place during the whole year.

Al-Mubarak indicated that the water conservation initiative was launched, in addition to the initiative to combat desertification of agricultural lands and reduce it by 50% by 2040, as well as coral reefs and how to protect them.

He called on citizens and media to visit the largest station in the world on the land of the Kingdom specializing in carbon capture and storage, noting that this is a reason for pride, and a proof of the importance of supporting the carbon economy and preserving the planet.

Dr. Abdullah Al-Mubarak concluded by saying: The Riyadh Agreement at the Twentieth Summit is one of the important pillars, and these reforms will be worked on to help the affected vulnerable groups.

November 23, 2020 – Rabi` al-Thani 8, 1442

12:35 AM


Supporting the global economy with $ 21 billion, and the Kingdom is credited with launching the carbon economy initiative

The press conference held by the Minister of Finance, Muhammad Al-Jadaan, and Dr. Fahd Al-Mubarak, Minister of State, Adviser to the Royal Court and Secretary-General of the Saudi Secretariat of the Group of Twenty, witnessed tremendous joy and applause at the end of the proceedings of the twentieth summit successfully hosted by the Kingdom, and its final statement was read by the Crown Prince, His Royal Highness the Prince Mohammed bin Salman.

The relief and joy of success appeared on the face of “Al-Jadaan” and Al-Mubarak “due to the great cooperation of world leaders, and they set out on the Saudi initiatives and reform steps for the World Trade Organization that the leaders agreed upon in the so-called” Riyadh Document “.

In response to media questions, Minister of Finance Muhammad Al-Jadaan said that the Kingdom faced the Corona pandemic locally and internationally and was able to reduce the impact on the Saudi economy.

He pointed out that there are no current plans to review the value-added tax policy in the short and medium term, and it can be reviewed in the long term, especially since increasing the value-added tax was a difficult option with the aim of supporting the economy and protecting it from the repercussions of the Corona virus.

Al-Jadaan pointed out that the joint statement of the G20 summit was approved unanimously, and for the first time the G20 agreed to launch an initiative to postpone the payment of the debts of eligible countries until April 2021, which would allow those countries to reuse debt installments to support their economy in the face of the repercussions of the Corona pandemic.

The Minister of Finance revealed that the global economy was supported with $ 21 billion, and the Kingdom is credited with launching the carbon economy initiative, in agreement with the leaders, which is the first of its kind to protect the world from pollution by sequestering carbon.

On the other hand, the loud applause from the local and foreign media delegations over the response of the “Saudi sherba”, Dr. Fahd Al Mubarak, Minister of State, Adviser to the Royal Court and Secretary General of the Saudi Secretariat of the G20, when he said: The Kingdom was able to achieve two summits during its presidency of the G20 on March 25, which is an achievement. Unprecedented, and today with the end of the summit work, which is the culmination of the efforts made and the ministerial meetings that took place during the whole year.

Al-Mubarak indicated that the water conservation initiative was launched, in addition to the initiative to combat desertification of agricultural lands and reduce it by 50% by 2040, as well as coral reefs and how to protect them.

He called on citizens and media to visit the largest station in the world on the land of the Kingdom specializing in carbon capture and storage, noting that this is a reason for pride, and a proof of the importance of supporting the carbon economy and preserving the planet.

Dr. Abdullah Al-Mubarak concluded by saying: The Riyadh Agreement at the Twentieth Summit is one of the important pillars, and these reforms will be worked on to help the affected vulnerable groups.





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