In Saudi Arabia, the expected budget deficit for 2021 was *** billion Saudi riyal, compared to *** billion Saudi riyal in 2020. The fiscal deficit for 2020 was expected to widen due to the oil market instability.
The forecasted fiscal surplus in Saudi Arabia for 2022 was around ** billion Saudi Arabian Riyal. This reflected a significant increase from a deficit of ** billion Saudi Arabian Riyal in the previous year, marking the first surplus after *** consecutive years of deficit since 2016.
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In Saudi Arabia, the expected budget deficit for 2021 was *** billion Saudi riyal, compared to *** billion Saudi riyal in 2020. The fiscal deficit for 2020 was expected to widen due to the oil market instability.