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HOUSE_OVERSIGHT_023646

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* What is the reason for the suspension of allowances, and why they were returned? - If we note, in the decision to stop allowances that it was temporary, and that in the same resolution there is a text that states that the decisions are reviewed periodically. And they were reviewed appropriately after the improvement of our oil revenues. This is a factor, and as you know in the program "financial balance" we had three scenarios for Oil which are: the pessimistic scenario $ 45, the average scenario or a baseline of $ 50, and the optimistic scenario of S$ 55. This is not the Kingdom's assessment for oil, but this is to arrange our securities with different oil prices. In the first quarter, we were close to the optimistic scenario which is $ 55, sometimes we go beyond it and sometimes we are less than, this is a positive element. The other positive element is that our non-oil revenues in the first quarter of 2017 have achieved more than we anticipate to achieve. This is another positive element, so the decision is no longer has to continue in this manner. So that, it was reviewed as stated in the resolution itself, while we exaggerate that this is a very great success for the competent authorities in the financial and the economic and investment sides as they were able to take us from this stage in less than 8 months. The work of a very great effort has been done in the oil agreement with the OPEC countries and non-OPEC countries is an agreement for the first time in history. We have always known in the past that the agreements were held between the OPEC countries only, and this is the first time in the history that the agreement held between the OPEC countries and countries outside OPEC. That made our position is very positive in terms of the governmental revenues of the oil. Also, the procedures taken in these non-oil revenues have greatly helped in addition to the investments and restructuring of many of the sectors under the Public Investment Fund have contributed

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