Saudi Arabia's Cabinet has approved the updated State Revenue System during its meeting held today in Jeddah, marking a key step toward strengthening the governance of government revenues and enhancing financial sustainability in line with Saudi Vision 2030.

Minister of Finance Mohammed bin Abdullah Al-Jadaan said the new system reflects the leadership's continued support for the public finance sector and will improve revenue estimation mechanisms, increase compliance with government dues, and streamline collection procedures while addressing government debt in a balanced manner.

He added that the updated framework will help government entities improve medium- and long-term revenue forecasting, clarify roles and responsibilities among relevant authorities, and support more reliable financial planning.

The system also introduces clear regulations for collecting government receivables, including structured payment and installment mechanisms under defined controls, aimed at improving financial discipline and ensuring more efficient management of the Kingdom's public resources.

The updated State Revenue System forms part of Saudi Arabia's broader efforts to modernize its financial framework, reinforce governance and transparency, and keep pace with the Kingdom's ongoing economic and administrative transformation under Vision 2030.