CEDA reviews economic reports, key policy updates

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The Saudi Council of Economic and Development Affairs (CEDA) held a virtual meeting, beginning with a review of the monthly report submitted by the Ministry of Economy and Planning.

The report covered key developments and challenges facing the global economy, its growth outlook amid rapidly evolving geopolitical developments, and their potential implications for the Saudi economy.

The report also highlighted opportunities created by the current economic environment to enhance the competitiveness of the national economy, support the Kingdom's economic development, and strengthen its ability to adapt to global shifts.

According to the Saudi Press Agency (SPA), the council also reviewed a report from the Ministry of Finance on Q2 2026 budget performance, covering fiscal performance, revenue and expenditure indicators, and public debt, reflecting the Kingdom's ability to manage public finances efficiently and flexibly amid global economic and geopolitical developments.

The report further emphasized the Kingdom's strong fiscal position, diversified economic base, and effective proactive policies, supporting sustainable economic and social development, advancing the objectives of Saudi Vision 2030, and maintaining fiscal sustainability over the medium and long term.

The council also reviewed a presentation by the Project Management Office (PMO) on the implementation of decisions and recommendations issued during Q2 2026. The presentation included detailed progress updates, implementation outcomes across the government center and relevant entities, and detailed completion statistics.

Additionally, they discussed the semi-annual presentation submitted by the Human Capability Development Program and the Ministry of Media on the progress of Saudipedia. The presentation covered the encyclopaedia’s overall framework, implementation stages since its launch in multiple languages, its digital visibility across search engines and AI-generated content platforms, and ongoing efforts to keep pace with developments in the digital landscape and artificial intelligence (AI). These efforts aim to provide a richer user experience, maximize knowledge impact, and strengthen the prominence and credibility of Saudi national content.

Meanwhile, the council was briefed on the Kingdom's cybersecurity sector achieving the world's top ranking in the Global Cybersecurity Index for the third consecutive year, as well as monthly executive summaries on the Consumer Price Index and Wholesale Price Index, the quarterly executive summary on GDP and national accounts, the monthly executive summary on foreign trade, and the underlying reports supporting those summaries.

The council issued the necessary decisions and recommendations regarding these matters.