2015 Saudi Budget
Budget ReportAnother expansionary budget was announced for 2015. Spending maintained at a very high level, underscoring the governments determination and ability to support economic activity despite the prevailing subdued oil pricing environment. A deficit of about 6 percent of GDP will be financed comfortably using SAMAs huge stock of net foreign assets. Domestic debt was cut to a long-term low of only 1.6 percent of GDP.
2009 Saudi Budget
Budget ReportSpending has been raised in the 2009 budget compared with the budgeted total for 2008 in a clear sign that the government will push ahead with its investment program despite a sharp fall in oil prices and the weak global economic outlook.
