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Government Budget

This page provides an overview of the most important budget items of the Kingdom of Saudi Arabia and the government expenditure sectors in general.

The economic and financial prospects of the Kingdom along with its prominent developments are presented in each fiscal year through announcing the annual budget estimates and projections, including revenues, expenditures, gross domestic product (GDP), and comparing the deficit and surplus. The Ministry of Finance sets the policies for the Kingdom’s budget with complete transparency within the international standards, announcing its challenges for the upcoming years and keeping pace with the economic changes in raising the GDP and reducing the Kingdom’s dependence on oil products.


The Kingdom of Saudi Arabia’s Budget Statement

The Ministry of Finance presents the Kingdom’s annual budget and prepares the quarterly reports, the citizens reports, the performance reports, etc, which reinforces transparency and allows everyone to read the budget’s data. Moreover, the Government make the Government Performance Indicators available as well as the Budget of each ministry on its website.

Revenues

The Kingdom has oil and non oil revenues, in addition to Zakat and taxes.

Expenditure

The Kingdom spends its budget on Operating Expenses, such as employees compensations, stimulating the private sector, Vision 2030 programs, and social benefits along with the capital expenditure for development and economic growth.


Government Expenditure Sectors

The Kingdom of Saudi Arabia’s Budget for the previous fiscal years is available here. The Government allocates parts of its Budget for:

Development and performance measurement

  • Volume of revenue and expenditure:

Year 2018 2019 2020 2021
Revenue 906 billion 927 billion 833 billion 770 billion
Expenditure 1.079 billion 1.059 billion 1.020 billion 990 billion
  • Growth Rate:

Year 2017 2018 2019 2020 2021
GDP Growth Rate -0.74
2.21
0.33 3.7 3.2
Non-oil Government Revenue 255.6 billion 287,3 billion 315 billion 320 billion 358 billion

For more information about the General Budget and the finical data, please visit this page.

Important links

Relevant Agencies


Last Modified Date: 30/03/2021 - 1:43 PM Saudi Arabia Time
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