“The time of uncalculated aid is over, and it will be linked to real reforms that will make the beneficiary countries need no aid.” With this phrase, the former member of the Shura Council, economic analyst Dr. Fahd bin Jumaa, commented on what the Minister of Finance stated about changing the Kingdom’s method of grants and deposits that were given without any Conditions, it aims to motivate the recipients of these aids or deposits to invest them to reform their economy and enhance their financial resources instead of continuing to request more aid, which has great costs for the Saudi government, which imposes taxes on companies and consumers in order to enhance its revenues.
Dr. Fahd bin Juma confirmed in a statement to “News 24However, these countries should do the same in order to enhance their revenues and not expect more aid without specific conditions.
Pointing out that the aid will be specific in the future and with conditions aimed at making reforms and independence.
The economic analyst stressed that this would encourage countries requesting financial aid to take internal decisions to find solutions in order to increase their revenues.
Dr. Fahd bin Jumaa concluded his statement by saying: The time for unaccounted aid aimed at real reforms that obviates the request for aid is over.
He stressed that it will not be easy to request aid from today.
