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.
Where does the revenues come from?
- Oil revenues
- Non-oil revenues
- Zakat and taxes
Where does the Kingdom spends its budget?
- Operating Expenses, such as employees compensations, stimulating the private sector, vision 2030 programs, and social benefits.
- Capital expenditure for development and economic growth.
Development and performance measurement:
- Volume of revenue and expenditure:
|Revenue||519 billion||692 billion||895 billion||1,005 billion|
|Expenditure||830 billion||930 billion||1,030 billion||1,106 billion|
- Growth Rate:
|GDP Growth Rate||4.11||1.67||0.74-||2.21|
|Non-oil Government Revenue||166 billion||199 billion||255,6 billion||287,3 billion|
Government Expenditure Sectors:
- Health and social development
- Security and administrative areas
- Infrastructure and transportation
- Municipal services
- Economic resources
- Public administration
- Public items
For more information:
- General Budget, Ministry of Finance
- Open Data:
- The Fiscal Balance Program, Vision 2030
Last Modified Date: 16/02/2020 - 12:38 PM Saudi Arabia Time