Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. kingdom of saudi arabia (ksa) now moving to ach

1. Kingdom of Saudi Arabia (KSA) now moving to achieve its Vison 2030. In 2021,...

70.2K

Verified Solution

Question

Accounting

image
1. Kingdom of Saudi Arabia (KSA) now moving to achieve its Vison 2030. In 2021, the government has announced the budget spending which indicate a slightly lower deficit compare to 2020 budget. a. Explain the role and responsibilities of Ministry of Finance (MOF), General Auditing Bureau (GAB), and Saudi Arabian Monetary Agency (SAMA) and their involvement in the budgetary process. b. Make an analysis to compare budget estimation for source of revenue and anticipated appropriation (expenditure) 2021 and 2020. In your analysis, you need to specify the possible reasons for significant differences between this 2 years budgetary amount. C. The government has recently increased value added tax (VAT) from 5% to 15% in 1 July 2021. Explain three possible reasons why the government has increase the VAT rates. d. Explain the impact of the new VAT rate towards (1) consumer spending and (2) business enterprises

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

a. What are agency costs? Why do these tend to increase in severity, as a company...

Finance
Q

Please show all work. Given: Mass of sodium acetate in acetate buffer - .6708 g Volume of 6...

Chemistry
Q

What do illusions tell us about sensory processing? What is the role of proprioception in control...

Biology
Q

Detail the vessels that blood flows through by explaining the path (naming the vessels) that a...

Medical Sciences
Q

Prove: under the same compression ratio, the thermal efficiency of the Otto cycle is greater than...

Mechanical Engineering
Q

Identify the behavioral criteria of the major DSM-5 categories of neurodevelopmental and neurocognitive disorders.

Psychology
Q

The conventional level in Kohlberg's theory of moral development involves which of the following:Conforms to...

Biology
Q

If 72 out of 200individuals expressthe recessivephenotype, whatpercentage will behomozygousdominant?A. 16%B. 24%C. 36%D. 17%

Biology
Q

A man of mass 50 kg carries a bag of weight 40 N on his...

Physics
Q

et R be the region bounded by the following curves Use the shell method to...

Basic Math
Q

Elie received employment income of $125,000 in the tax year 2022/23. she also made...

Accounting
Q

Q1: Q2; : Intro A bond has an annual coupon rate...

Finance