Saudi Arabia recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Saudi Arabia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in relation to the gross domestic product (GDP) in Saudi Arabia was approximately -2.84 percent in 2024. Between 1991 and 2024, the budget balance rose by around 0.44 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is forecast to decline by about 0.25 percentage points from 2024 to 2030, fluctuating as it trends downward.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Saudi Arabia MOF Projection: Government Budget: Deficit or Surplus data was reported at 4,000.000 SAR mn in 2023. This records an increase from the previous number of -58,000.000 SAR mn for 2022. Saudi Arabia MOF Projection: Government Budget: Deficit or Surplus data is updated yearly, averaging -30,000.000 SAR mn from Dec 1981 (Median) to 2023, with 39 observations. The data reached an all-time high of 55,000.000 SAR mn in 2006 and a record low of -311,000.000 SAR mn in 2016. Saudi Arabia MOF Projection: Government Budget: Deficit or Surplus data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Saudi Arabia – Table SA.F003: Government Revenue and Expenditure: Projection: Ministry of Finance.

Saudi Arabia recorded a government budget deficit of 115625 SAR Million in 2024. This dataset provides - Saudi Arabia Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Key information about Saudi Arabia Consolidated Fiscal Balance: % of GDP

• Saudi Arabia Consolidated Fiscal Balance registered a surplus equal to 2.5 % of its Nominal GDP in Dec 2022, compared with a deficit equal to 2.3 % in the previous year
• Saudi Arabia Consolidated Fiscal Balance to GDP data is updated yearly, available from Dec 1969 to Dec 2022, with an average ratio of -2.9 %
• The data reached an all-time high of 43.2 % in Dec 1973 and a record low of -25.3 % in Dec 1987

• In the latest reports, Saudi Arabia National Government Debt reached 264.0 USD bn in Dec 2022
• Saudi Arabia Nominal GDP reached 267.9 USD bn in Mar 2023

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.

Key information about Saudi Arabia Consolidated Fiscal Balance

• Saudi Arabia Consolidated Fiscal Balance recorded a deficit equal to 30.833 USD bn in Dec 2024, compared with a deficit equal to 21.586 USD bn in the previous year.
• Saudi Arabia Consolidated Fiscal Balance data is updated yearly, available from Dec 1969 to Dec 2024, with an average ratio of -5.273 USD bn.
• The data reached an all-time high of 154.913 USD bn in Dec 2008 and a record low of -103.626 USD bn in Dec 2015.

Explore the Saudi Arabia Government Revenues and Expenditures dataset , including Total Expenditures, Total Revenues, Oil Revenues, Deficit/Surplus, and more.

Total Expenditures, Total Revenues, Oil Revenues, Deficit/Surplus (Actual), Capital Expenditures, Non-Oil Revenues, Current Expenditures, Revenues, Expenditures, Oil Revenues, Budget, Capital, surplus, deficit, ratio, SAMA Annual

Saudi ArabiaFollow data.kapsarc.org for timely data to advance energy economics research..Important notes:Data in Million Saudi Riyal.1990 - 1991: Budget allocation for fiscal year 1411/12 ( 1991 ) was amalgamated with the budget for 1410/11( 1990 ).2000, 2002 and 2004: Salaries of 13 months were paid.2010: The Surplus does not include expenditure on projects from surplus account (Rls17057 Million). And it includes deposits (Rls 731 Million) in government current account.As from 1407/08 ( 1987 ), the kingdom's fiscal year begins on 10th capricorn of the Zodiac year. Up to 1405/06 ( 1985 ) the fiscal years covered the period from 1st Rajab to the end of Jumad II.

Saudi Arabia recorded a Government Debt to GDP of 29.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - Saudi Arabia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Saudi Arabia: Fiscal balance, percent of GDP: The latest value from 2023 is -2.02 percent, a decline from 2.53 percent in 2022. In comparison, the world average is -2.83 percent, based on data from 143 countries. Historically, the average for Saudi Arabia from 1969 to 2023 is 0.71 percent. The minimum value, -25.27 percent, was reached in 1987 while the maximum of 43.17 percent was recorded in 1973.

Graph and download economic data for Overall Non-Oil Fiscal Balance for General Government for Saudi Arabia (SAUGGBXOGDPXOGDPXOPT) from 2000 to 2023 about non-oil, Saudi Arabia, REO, balance, and government.

Saudi Arabia: Budget balance forecast, percent of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Saudi Arabia from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Saudi Arabia SA: Net Incurrence of Liabilities: Total as % of GDP data was reported at 4.906 % in 2017. This records a decrease from the previous number of 7.208 % for 2016. Saudi Arabia SA: Net Incurrence of Liabilities: Total as % of GDP data is updated yearly, averaging 6.057 % from Dec 2016 (Median) to 2017, with 2 observations. The data reached an all-time high of 7.208 % in 2016 and a record low of 4.906 % in 2017. Saudi Arabia SA: Net Incurrence of Liabilities: Total as % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank.WDI: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted average;

As of 2021, the general government fiscal balance for Saudi Arabia was minus 2.3 percent of the gross domestic product. The projection for the general government fiscal balance of Saudi Arabia in 2023 was 3.9 percent of the GDP. The projection for the same year of the entire MENA region's general government fiscal balance was 0.7 percent of the GDP.

The statistic shows the government spending in Saudi Arabia from 2010 to 2018. In 2018, Saudi Arabia's government planned spending amounted to *** billion U.S. dollars.

Saudi Arabian government spending

While Saudi Arabia has existed comfortably on a cushion of oil exports, things have been growing dire recently for the country's economy. Before 2014, the Saudi Arabian government significantly and rapidly increased government spending from *** billion U.S. dollars in 2010 to *** billion U.S. dollars. But as crude oil prices dropped drastically between 2014 and 2015, and are remaining low in 2016, Saudi Arabia has been forced to decrease its spending in order to manage a future where steeply increasing national debt is projected. This debt increase is the result of a negative budget balance which has been caused by a decrease in oil and gas prices around the world. Saudi Arabia has chosen to take austerity measures in order to resolve this problem.

These measures, however, will pobably continue to slow economic growth even more so than it is now. But while these spending cuts may not do much to boost the economy, they may be the only option Saudi Arabia has before oil and gas prices rise again. So far, oil and gas prices are expected to remain low, so no immediate relief can be expected, and increasingoil production is unlikely to help either. Saudi Arabia will most likely also attempt to diversify its economy in addition to cutting spending.

Saudi Arabia SA: Net Incurrence of Liabilities: Total data was reported at 126,673.000 SAR mn in 2017. This records a decrease from the previous number of 174,320.000 SAR mn for 2016. Saudi Arabia SA: Net Incurrence of Liabilities: Total data is updated yearly, averaging 150,496.500 SAR mn from Dec 2016 (Median) to 2017, with 2 observations. The data reached an all-time high of 174,320.000 SAR mn in 2016 and a record low of 126,673.000 SAR mn in 2017. Saudi Arabia SA: Net Incurrence of Liabilities: Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank.WDI: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

This dataset contains Saudi Arabia Saudi Fiscal Balance Program Balanced Budget 2020 Saudi Vision 2030 Fiscal Balance Program, Balanced Budget 2020, BB, BB2020, Export API data for more datasets to advance energy economics research

Saudi Arabia SA: General Government: Primary Balance: % of GDP data was reported at -3.912 % in 2023. This records an increase from the previous number of -4.474 % for 2022. Saudi Arabia SA: General Government: Primary Balance: % of GDP data is updated yearly, averaging -3.142 % from Dec 1991 (Median) to 2023, with 33 observations. The data reached an all-time high of 28.569 % in 2008 and a record low of -20.166 % in 2016. Saudi Arabia SA: General Government: Primary Balance: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Saudi Arabia – Table SA.IMF.FM: Government Finance Statistics.

This dataset includes Saudi Arabia’s 2025 budget details, covering sectors, actuals and forecasts, annual changes, revenues, expenditures, deficit, debt, assets, and key economic indicators.