By Innovation-sa on January 14, 2018 in News

The Ministry of Labor and Social Development (MLSD) deposited the second installment of SR 2.1 billion into the Kingdom’s household allowance program, informed Citizen’s Account program director Ali Rajhi.

Known as the Citizens Account, the initiative is designed to provide financial assistance to low- and middle-income Saudi families and to support them from the direct and indirect impact of energy price hike as well as Value Added Tax (VAT) implementation.

In the second round of its payment, each family received an average amount of SR 935. Citizens Account supports some 11 million beneficiaries of which 3 million are independent families and 7.9 million are heads of households.

50 percent of the independent families and individuals received full payment, while 26 percent of the applicants received partial financial support.

Earlier on December 21, 2017, the first installment of the Citizen’s Account of around SR 2 billion was transferred to 10.6 million beneficiaries.

More than SR 4 billion has been deposited in the beneficiary accounts in the first and second rounds of Citizens Accounts program, Al-Rajhi noted.

Payments are usually deposited on the 10th of every month. However, if the 10th falls on a Friday, then the cash will be deposited on Thursday, and if it falls on Saturday, then the amount will be deposited to beneficiary accounts on Sunday.

The next monthly installment will be transferred on February 10th to applicants who have completed their application before January 10, 2018.