Saudi Arabia recorded a Government Budget deficit equal to 2.30 percent of the country's Gross Domestic Product in 2021. source: Saudi Arabian Monetary Agency

Government Budget in Saudi Arabia averaged 0.76 percent of GDP from 1969 until 2021, reaching an all time high of 43.20 percent of GDP in 1973 and a record low of -25.30 percent of GDP in 1987. This page provides - Saudi Arabia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Government Budget - values, historical data and charts - was last updated on February of 2023.

Government Budget in Saudi Arabia is expected to reach 3.40 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Government Budget is projected to trend around 3.00 percent of GDP in 2024, according to our econometric models.

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Saudi Arabia Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 30.00 32.50 percent of GDP Dec 2021
Government Budget -2.30 -11.20 percent of GDP Dec 2021
Government Spending 197996.00 206574.00 SAR Million Sep 2022
Government Revenues 965486.00 781834.00 SAR Million Dec 2021
Government Budget Value -73447.00 -293900.00 SAR Million Dec 2021

Saudi Arabia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-2.30 -11.20 43.20 -25.30 1969 - 2021 percent of GDP Yearly