Saudi Arabia recorded a government budget deficit of 293900 SAR Million in 2020. source: Saudi Arabian Monetary Agency

Government Budget Value in Saudi Arabia averaged 2784.76 SAR Million from 1969 until 2020, reaching an all time high of 580924 SAR Million in 2008 and a record low of -362229 SAR Million in 2015. This page provides - Saudi Arabia Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Government Budget Value - values, historical data and charts - was last updated on September of 2021.

Government Budget Value in Saudi Arabia is expected to reach -284629.00 SAR Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Government Budget Value is projected to trend around -334271.00 SAR Million in 2022, according to our econometric models.

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Saudi Arabia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-293900.00 -132599.00 580924.00 -362229.00 1969 - 2020 SAR Million Yearly
Current Prices, NSA

Saudi Arabia Government Last Previous Highest Lowest Unit
Government Debt to GDP 32.50 22.80 103.50 1.60 percent of GDP [+]
Government Budget -11.20 -4.50 43.20 -25.30 percent of GDP [+]
Government Spending 164082.00 232789.00 232789.00 76217.00 SAR Million [+]
Government Revenues 781834.00 926846.00 1247398.00 5668.00 SAR Million [+]
Fiscal Expenditure 1075734.00 1059445.00 1109903.00 6028.00 SAR Million [+]
Military Expenditure 55535.00 61952.00 88520.00 811.00 USD Million [+]
Government Budget Value -293900.00 -132599.00 580924.00 -362229.00 SAR Million [+]
Credit Rating 75.00 [+]

Saudi Arabia Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.