2019 Saudi Fiscal Budget
Budget ReportAs outlined in the first ever preliminary fiscal budget in September, the government will support the economy through the largest ever budgeted expenditure of SR1.1 trillion in 2019. Based on revenues of SR975 billion, the government is budgeting for a slightly lower year-on-year deficit at SR131 billion, compared to SR136 billion in 2018.
Q1 2019 Budget Statement: (Fiscal surplus recorded in Q1 2019)
Budget ReportGovernment revenue totaled SR245 billion in Q1 2019, up 48 percent, or SR79 billion, year-on-year. Both oil and non-oil revenue saw sizable rises.
Q2 2019 Budget Statement: (Sizable rises in capital spending)
Budget ReportGovernment revenue totaled SR261 billion in Q2 2019, down 5 percent, or SR12.8 billion, year-on-year. Declines were seen in both the oil and non-oil revenue side.
