Three billion riyals deposited into the Citizen's Account program for the month of March
The Citizen Account Program in Saudi Arabia announced
Details of the deposit of the 100th installment of the Citizen's Account
The total amount deposited into beneficiaries' accounts for this payment reached approximately 3 billion Saudi Riyals. This support covered more than 9.7 million beneficiaries and dependents who met the eligibility criteria. This substantial figure reflects the broad scope of the social protection program provided to Saudi families.
Average family support and beneficiary statistics
In an official statement, Mr. Abdullah Al-Hajri, Director General of Communications for the Citizen Account Program, provided detailed information about this payment. He indicated that the average support per family amounted to 1,470 Saudi Riyals. He also revealed that 72% of all registered beneficiaries received their allocated support in this payment.
Regarding the demographic composition of beneficiaries, the number of heads of households benefiting from the program exceeded two million, representing 86% of the total primary beneficiaries. In contrast, the number of dependents surpassed 7.4 million, highlighting the program's vital role in supporting large and medium-sized families.
Total amounts deposited since the program's launch
Al-Hajri's statement wasn't limited to the current payment; he also addressed the program's cumulative achievements. The total amount disbursed by the Citizen's Account program to beneficiaries since its inception has exceeded 271 billion Saudi riyals. This substantial sum includes approximately 2.8 billion riyals in retroactive compensation for previous payments, underscoring the program's commitment to delivering entitlements accurately and transparently to those who are entitled to them.
Historical context and objectives of the Citizen Account Program
The Citizen Account Program was established in late 2017, as one of the most important government initiatives related to the Kingdom’s Vision 2030. The launch of the program came as a proactive step to protect low and middle-income Saudi families from the direct and indirect consequences of economic reforms, such as adjusting energy and water product prices, and implementing value-added tax.
The program operates by providing direct financial support to eligible individuals based on clear criteria, including total family income, number of family members, and the ages of dependents. These criteria are reviewed periodically to ensure that support is effectively directed to those most in need.
Economic and social impact of subsidies
The continued injection of these billions monthly plays a pivotal role in stimulating the local economy. By boosting citizens' purchasing power, the support contributes to revitalizing local markets and bolstering the retail sector. On a social level, the program strengthens family stability and provides a financial safety net that contributes to raising the quality of life for Saudi citizens, in line with the Kingdom's strategic goals for sustainable development.
