Saudi Arabia Government Spending2022 Data - 2023 Forecast - 2008-2021 Historical

Name: Saudi Arabia Government Spending
Creator: TRADING ECONOMICS
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Keywords: Saudi Arabia,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Government Spending in Saudi Arabia decreased to 171191 SAR Million in the first quarter of 2022 from 233828 SAR Million in the fourth quarter of 2021. source: Saudi Arabian Monetary Agency

Government Spending in Saudi Arabia averaged 150320.72 SAR Million from 2008 until 2022, reaching an all time high of 233828 SAR Million in the fourth quarter of 2021 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 June of 2022.

Government Spending in Saudi Arabia is expected to be 192610.00 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 254812.00 SAR Million in 2023 and 262456.00 SAR Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Debt to GDP	32.50	22.80	percent of GDP	Dec 2020
Government Budget	-11.20	-4.50	percent of GDP	Dec 2020
Government Spending	171191.00	233828.00	SAR Million	Mar 2022
Government Revenues	965486.00	781834.00	SAR Million	Dec 2021
Government Budget Value	-73447.00	-293900.00	SAR Million	Dec 2021

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.