Government Spending in Saudi Arabia decreased to 167334 SAR Million in the first quarter of 2020 from 211055 SAR Million in the fourth quarter of 2019.

Government Spending in Saudi Arabia averaged 144024.71 SAR Million from 2008 until 2020, reaching an all time high of 212452 SAR Million in the fourth quarter of 2017 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 September of 2020. source: Saudi Arabian Monetary Agency

Government Spending in Saudi Arabia is expected to be 169129.00 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 174864.00 in 12 months time. In the long-term, the Saudi Arabia Government Spending is projected to trend around 222821.00 SAR Million in 2021 and 228392.00 SAR Million in 2022, according to our econometric models.

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Saudi Arabia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
167334.00 211055.00 212452.00 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 -9.20 -8.90 43.17 -25.27 percent of GDP [+]
Government Spending 167334.00 211055.00 212452.00 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 65843.00 70400.00 88233.00 808.00 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.