MarketMinistry of Economy and Planning (Saudi Arabia)
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Ministry of Economy and Planning (Saudi Arabia)

The Ministry of Economy and Planning is a government ministry in Saudi Arabia responsible for developing and implementing plans that guide the country’s long-term growth.

History
The Ministry of Economy was established in 1953 and merged the following year, in 1954, with the Ministry of Finance to form the Ministry of Finance and National Economy. In 1959, the Supreme Council for Planning was created to oversee national planning functions. It was replaced in 1964 by the Central Planning Authority. In 1975, the Central Planning Authority was transferred to the Ministry of Planning, consolidating planning responsibilities within a single ministry. In 2000, responsibility for economic affairs was transferred from the Ministry of Finance and National Economy to the Ministry of Planning. In 2003, the Ministry of Planning was renamed the Ministry of Economy and Planning. == List of ministers ==
Functions
The major function of the ministry is to prepare the development plans of the country. It has various major agencies including the General Authority for Statistics and the national computer center. ==See also==
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