The Saudi Ministry of Finance announced in a statement today, Thursday, that "Minister Mohammed Al-Jadaan has approved the annual borrowing plan for the Kingdom for 2024." The statement mentioned that "the plan included expectations that the financing needs for 2024 would reach approximately 86 billion riyals (22.9 billion dollars)." The ministry stated, "It is expected that the size of the debt portfolio will reach about 1.115 trillion riyals by the end of 2024."