The Kingdom of Saudi Arabia intends to impose fines on individuals and companies that violate restrictions related to the Coronavirus pandemic.
The value of the fines to be imposed range between 10,000 and 50,000 riyals on individuals. The violating establishments, on the other hand, would pay a fine between 10,000 and 100,000 riyals.
The persons responsible for the branch would be referred to the Public Prosecution if the violation is repeated.
The Saudi Ministry of Interior approved an amendment to a regulation limiting gatherings that contribute to the outbreak the pandemic.
In the decision, the Saudi Ministry of Interior stated that violating private sector establishments’ non-compliance with the precautionary and preventive measures will result in financial penalties.
Saudi Arabia had imposed penalties including the closure of the facility for a period of five days, provided that the fines are doubled in case of repetition, up to 200,000 riyals, and the closure does not exceed six months.
The Ministry of Interior also confirmed that the sanctions aim at imposing social distancing and organizing human gatherings that may cause more spread the outbreak of the Coronavirus.
The impact of the Coronavirus and the decline in global oil prices appeared on the Saudi budget figures, which were announced on December 15th.
Oil and non-oil revenues for the year 2020 decreased to 770 billion riyals (about $205 billion). This is around 16 percent compared to last year. At the same time, the deficit increased by 12 percent, or about 298 billion riyals (about $79 billion) of the total GDP.
The Saudi Finance Minister, Muhammad Al-Jadaan, expects the deficit to decrease in 2021, reaching about 5.1 percent of GDP.
Public debt in Saudi Arabia recorded 34 percent of GDP in 2020, while there was an increase in spending by about five percent compared to initial estimates, since 2020 was an extraordinary year.