Government Spending in Saudi Arabia increased to 232789 SAR Million in the fourth quarter of 2020 from 179780 SAR Million in the third quarter of 2020. source: Saudi Arabian Monetary Agency

Government Spending in Saudi Arabia averaged 146903.63 SAR Million from 2008 until 2020, reaching an all time high of 232789 SAR Million in the fourth quarter of 2020 and a record low of 76217 SAR Million in the first quarter of 2008. This page provides - Saudi Arabia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Government Spending - values, historical data and charts - was last updated on May of 2021.

Government Spending in Saudi Arabia is expected to be 176823.00 SAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Saudi Arabia to stand at 240005.00 in 12 months time. In the long-term, the Saudi Arabia Government Spending is projected to trend around 244574.00 SAR Million in 2022 and 251911.00 SAR Million in 2023, according to our econometric models.

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Saudi Arabia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
232789.00 179780.00 232789.00 76217.00 2008 - 2020 SAR Million Quarterly
Current Prices, NSA

Saudi Arabia Government Last Previous Highest Lowest Unit
Government Debt to GDP 22.80 19.00 103.50 1.60 percent [+]
Government Budget -4.50 -5.90 43.20 -25.30 percent of GDP [+]
Government Spending 232789.00 179780.00 232789.00 76217.00 SAR Million [+]
Government Revenues 926846.00 894711.00 1247398.00 5668.00 SAR Million [+]
Fiscal Expenditure 1059445.00 1079467.00 1109903.00 6028.00 SAR Million [+]
Military Expenditure 62525.00 74400.00 90409.00 828.00 USD Million [+]
Government Budget Value -132599.00 -173858.00 580924.00 -362229.00 SAR Million [+]
Credit Rating 75.00 [+]

Saudi Arabia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.