Increases the savings and rationalization of consumption
culture
Economists,
academics and experts agreed that "the calculation of the citizen" is
an effective tool for the social protection and that it increases the culture of
savings and rationalization of consumption, and that is an important step
within the framework of actions that the government will take in the coming
period.
"The
economy magazine" published by Asharqia Chamber in its edition for the
month of March has highlighted "the calculation of the citizen", as experts said it is expected to affect the
structural modifications during the period 2017/2020 directly and indirectly for the low income
families, and these modifications will cause a radical change in the cost of
energy products to the families and the cost of living in general, compared to
other essential goods and services in the basket of consumer products. And
that to realize the importance of supporting the Saudi low income families, and
help them to bear the burdens of economic reforms, the Ministry of Labor and
Social Development early last February launched a national program to support
these families as "the calculation of
citizens" program, which aims primarily to protect Saudi families of medium
income and low Income
from the consequences of the modification of the governmental support system,
and to protect the families of the unexpected effects, to be more faire according
to the needs of the individual or family.
Experts
said that the program of citizen support account starts at $ 25 billion riyals
in 2017, and gradually increase to reach by 2020 to between 60 to 70 billion
riyals. Stressing
that "the calculation of the citizen" essentially is seeking a new
social support, which is directed to those who deserve support, not the public
support, making the support goes directly to the citizen, which helps to
rationalize, and the development of the principle of saving of a big segment of citizens.
"The
economy " pointed to the big challenges facing the economies that depend
on selling oil, including Saudi Arabia economy, since the beginning of the wave
of falling oil prices in June 2014 among the most prominent of these challenges
revenue decline with more than 50%, noting that the banking sector is one of
the most Saudi economic sectors affected by
decline in public revenues in the Kingdom, which increased pressures, as a
sector which handles the surpluses and government precaution, and the logical
consequence is a decrease in the amount of the finance flowing to the banks,
and a decline in lending and an increase in the provisions for the doubtful
loans, which ultimately affect the banks profits. Despite
this, it reflects the performance of Saudi banks so far a great ability to face
challenges, but it is in accordance with international and regional financial
institutions to maintain a strong financial centers.
According
to numbers and statistics, about 90% of the Kingdom revenues sourced from
export of crude oil to world markets. Although
this fact, however, that the performance of the Saudi economy was different to
a great extent to the most comparable economies, as it managed to pass a lot of
difficulties, which exhausted a lot of the world economies, and they are still
experiencing, since the beginning of the international financial crisis in
2008.
A
group of financial institutions stressed the assessment and classification that
Saudi banks are able to cope with the shock of lower oil, thanks to stronger
financial positions and rates of finance, noting that Saudi banks are in a
strong position and are well equipped to deal with the growing risks, the Saudi
banks have hit a record level by the end of 2016, at 2.26 trillion riyals, with
an increase of 2.2% from 2015.
"The economy" discussed the profession of "reception" saying that
in any corporation or other entity or company, when we get into any
organization, the first to go to is the "receptionist", the first
impression about the organization is made up through your conversation with the
"receptionist". "The
economy," met a number of young men and women from the reception staff,
and listened to stories of them that happen again every morning, sometimes
scrambling, and at other times they feel the job security, but that pressure stands as a barrier in front of them to continue in this
job, the most important long working hours, but the living
conditions have forced many of them, especially the girls at work, even though
they are somewhat according to them in a stressful environment.
Most
of the officials of the organizations assured that the Saudi girl ability and
efficiency in the reception is better than young men, and despite the success
of the girl, but she does not feel comfortable in this profession
because of this social attitudes, as the young men suffer from frustration in
this profession because of the lack of improvement in the job and the humble salary.
In
the blog of a man in times "economy," presented the biography of the
life of the late Dr. Abdullah bin Ibrahim Al Askar, who loved "history",
until it become his passion, and his passion until it become the flag of his
students, researchers and teachers, says "the economy" that Al Askar is
the son "Majmaah" was obsessed in history, his passion, and his ambition,
and spent most of his life in this science that tells the life of the ancestors,
providing analysis for their attitudes and their achievements, taking lessons
of history from them, looking ahead, movement and orientations, looking to
harness his methodology and research tools in the service of his country history.
Dr.
Al Askar is one of the most prominent writers in the history of our time,
interested in history, "oral", in the interest of the historical
material, and recognizing the importance of the document, and it was the most
prominent advocates of encouraging the "new
historians." And got the doctorate
degree for "Yamamah
history" from the University of California, and has translated it into
Arabic, titled "Al Yamamah history in the early Islam, an attempt to understand".
