JEDDAH (Rahnuma) Saudi Arabia has told a UN meeting that it has developed a system of social protection to protect low-income families in cooperation with government agencies.
The system will give priority to eradicating poverty and raising the standard of living within three main areas: Social assistance, social insurance and labor market programs.
The news came in a speech delivered by the deputy permanent representative of Saudi Arabia to the UN, Dr. Khalid Al-Manzalawi, during the general debate at the 57th session of the UN Commission for Social Development.
“The Kingdom is currently undertaking several economic reforms to reduce the fiscal deficit, stimulate non-oil revenues and reduce subsidies and tax legislation,” he said.
Al-Manzalawi added that poverty is one of the most important global problems, to the extent that the UN has made addressing it one of its priorities, developing 17 development programs that aim to lift societies out of such hardship.