The Saudi Minister of Finance, Mohammed Al-Jadaan, said that declining interest rates will reduce the cost of government debt, but more importantly, this will enhance the ability of the private sector and individuals to borrow and buy homes and reduce the cost of goods and services.
Al-Jadaan added: I do not expect any fundamental amendments to the non-oil revenue system until 2030, but the room is open for improvements, according to what Al Sharq Bloomberg reported.
