Saudi Arabia faces coronavirus crisis from position of strength
Saudi government’s priorities are necessary resources for health care system, financial and economic support to those affected by coronavirus
Saudi Minister of Finance Mohammed al-Jadaan speaks during an interview with Reuters at the Four Seasons hotel in Riyadh, Saudi Arabia September 18, 2019. Photo:Reuters
Saudi Arabia is facing the current global crisis from a position of strength, given its strong financial position and reserves, with relatively low government debt, its finance minister said, referring to the impact of the coronavirus outbreak.
Mohammed al-Jadaan said in the virtual meeting of the International Monetary and Financial Committee, held on Thursday, that the Saudi government's priorities are necessary resources for health care system, financial and economic support to those affected by coronavirus while taking into account the re-prioritization of spending under the current circumstances, Saudi state news agency SPA reported on early Friday.
