Saudi Arabia Government Budget

Saudi Arabia recorded a Government Budget deficit equal to 9.20 percent of the country's Gross Domestic Product in 2018. Government Budget in Saudi Arabia averaged 1.21 percent of GDP from 1969 until 2018, reaching an all time high of 43.17 percent of GDP in 1973 and a record low of -25.27 percent of GDP in 1987.

Government Budget in Saudi Arabia is expected to be -7.80 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Government Budget is projected to trend around -6.50 percent of GDP in 2020, according to our econometric models.

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Saudi Arabia Government	Last	Previous	Highest	Lowest	Unit
Government Debt to GDP	19.10	17.20	103.50	1.60	percent	[+]
Government Budget	-9.20	-8.90	43.17	-25.27	percent of GDP	[+]
Government Spending	151611.00	195776.00	212452.00	76217.00	SAR Million	[+]
Government Revenues	894711.00	691505.00	1247398.00	5668.00	SAR Million	[+]
Fiscal Expenditure	1030415.00	929999.00	1109903.00	6028.00	SAR Million	[+]
Military Expenditure	65843.00	70400.00	88233.00	808.00	USD Million	[+]
Government Budget Value	-135704.00	-238494.00	580924.00	-362229.00	SAR Million	[+]
Credit Rating	86.25					[+]

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. This page provides - Saudi Arabia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Government Budget - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-9.20	-8.90	43.17	-25.27	1969 - 2018	percent of GDP	Yearly

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Country	Last		Previous	Range
Argentina	-5.50	Dec/18	-6.1	3.7 : -6.4	%
Australia	-0.60	Dec/18	-1.9	2.2 : -4.2	%
Brazil	-7.10	Dec/18	-7.8	-2 : -10.2	%
Canada	-0.70	Dec/18	-0.9	5.1 : -8.1	%
China	-4.20	Dec/18	-3.7	0.58 : -4.2	%
Euro Area	-0.50	Dec/18	-1	-0.5 : -7.4	%
France	-2.50	Dec/18	-2.8	1.5 : -7.2	%
Germany	1.70	Dec/18	1	1.7 : -9.4	%
India	-3.42	Dec/18	-3.53	-2.53 : -8.13	%
Indonesia	-1.76	Dec/18	-2.51	3.02 : -2.58	%
Italy	-2.10	Dec/18	-2.4	-1.5 : -7.3	%
Japan	-3.80	Dec/18	-4.8	2.58 : -8.3	%
Mexico	-2.00	Dec/18	-1.1	3.3 : -3.4	%
Netherlands	1.50	Dec/18	1.2	1.5 : -8.7	%
Russia	2.70	Dec/18	-1.5	9.88 : -7.9	%
Saudi Arabia	-9.20	Dec/18	-8.9	43.17 : -25.27	%
Singapore	0.40	Dec/18	0.3	21.23 : -1.2	%
South Africa	-4.40	Dec/18	-4.4	1 : -7.4	%
South Korea	-1.60	Dec/18	-1.1	3.47 : -4.1	%
Spain	-2.50	Dec/18	-3.1	2.2 : -11	%
Switzerland	1.30	Dec/18	1.2	1.9 : -3.2	%
Turkey	-2.00	Dec/18	-1.5	-0.6 : -33	%
United Kingdom	-2.00	Dec/18	-2.3	4.8 : -9.9	%
United States	-3.80	Dec/18	-3.5	4.5 : -9.8	%