Q1 2023 Budget Statement: (Spending surge triggers small deficit)
Budget ReportThe 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.
2023 Saudi Fiscal Budget
Budget ReportThe 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.
Q3 2021 Budget Statement: (A fiscal surplus!)
Budget ReportQ3 2021 Budget Statement: (A fiscal surplus!)
Saudi Arabia’s 2022 Preliminary Budget Statement
Budget ReportSaudi Arabia’s 2022 Preliminary Budget Statement
