The Government has announced a revenue shortfall for the fiscal year, which concluded in March 2024.

The Ministry of Finance announced that government revenues fell short for the fiscal year ending March 2024, affecting the current budget. Revenues reached $97.5 billion, up 11.8% from the prior year but $22.4 billion below budget. The shortfall was mainly due to lower tax payments and changes in financial reporting. KSAMC pledges revised approach to vendor treatment after video controversy.