Saudi Arabia released today the second installment of the Citizen’s Account Program to registered beneficiaries, Al Arabiya TV reported, citing Khaled Aba Al-Khail, spokesman of the Ministry of Labor and Social Development.
The second phase, which includes those registered between Nov. 9 and Dec. 16, has 11 million more beneficiaries compared to phase I.
Those registered before Nov. 9 were included in the first phase of payment, while those registered after Dec. 16 will be included in the third phase.
In December, Saudi Arabia released the first installment of the Citizen’s Account Program at SAR 2 billion for 82 percent, or 10.6 million, of the registered beneficiaries.
According to the regulations, the payment from the Citizen’s Account will continue for five years, but will be reviewed after six months.
The Citizen’s Account is a national cash-transfer program, aimed at protecting Saudi families from the direct and indirect impact of the government’s structural economic reforms through providing direct monetary allowances.
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