Skip to main content
insights-milkyway-over-desert

Insights

Q1 2023 Budget Statement: (Spending surge triggers small deficit)

Budget Report

The central government recorded a small fiscal deficit of SR2.9 billion in Q1-23, driven by a 29 percent surge in spending. Revenue climbed by just 1 percent, with VAT receipts helping to offset a 3 percent drop in oil revenue.

report image

2023 Saudi Fiscal Budget

Budget Report

The government projects total expenditure for 2023 at SR1.11 trillion, which is 16.6 percent above the 2022 budget (SR955 billion), but some 1.6 percent below the official estimate for 2022 (SR1.13 trillion). Government investment spending (capex) is projected to rise by around 4 percent compared with the official 2022 estimate as the authorities focus on delivering projects that were delayed during the Covid-19 pandemic.

report image

2022 Saudi Fiscal Budget

Budget Report

2022 Saudi Fiscal Budget

report image

Q3 2021 Budget Statement: (A fiscal surplus!)

Budget Report

Q3 2021 Budget Statement: (A fiscal surplus!)

report image

Saudi Arabia’s 2022 Preliminary Budget Statement

Budget Report

Saudi Arabia’s 2022 Preliminary Budget Statement

report image
Showing 1 to 5 of 67 results

For the latest Jadwa research reports

Subscribe to our award-winning economic research to support your investment and business decisions.

Subscribe