Government Spending in Saudi Arabia increased to 181365 SAR Million in the second quarter of 2021 from 164082 SAR Million in the first quarter of 2021. source: Saudi Arabian Monetary Agency

Government Spending in Saudi Arabia averaged 147859.93 SAR Million from 2008 until 2021, 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 October of 2021.

Government Spending in Saudi Arabia is expected to be 186072.00 SAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Government Spending is projected to trend around 249121.00 SAR Million in 2022 and 256595.00 SAR Million in 2023, according to our econometric models.

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Saudi Arabia Government Spending

Saudi Arabia Last Unit Reference Previous Highest Lowest
Government Debt to GDP 32.50 percent of GDP Dec/20 22.80 103.50 1.60
Government Budget -11.20 percent of GDP Dec/20 -4.50 43.20 -25.30
Government Spending 181365.00 SAR Million Jun/21 164082.00 232789.00 76217.00
Government Revenues 781834.00 SAR Million Dec/20 926846.00 1247398.00 5668.00
Government Budget Value -293900.00 SAR Million Dec/20 -132599.00 580924.00 -362229.00

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.