Q3 2018 Fiscal Budget Statement: (Fiscal deficit shrinks in Q3)
Budget ReportGovernment revenue totaled SR223 billion in Q3 2018, up by 57 percent, or SR81 billion, year-on-year. Whilst non-oil revenue saw a rise of 45 percent year-on-year, government oil revenue rose by only 15 percent, to SR154 billion, year-on-year.
2018 Saudi Fiscal Budget
Budget ReportThe government continues to support the economy through the largest ever budgeted expenditure of SR978 billion in 2018, compared with 2017s budget of SR890 billion. Based on revenues of SR783 billion, the government is budgeting for a slightly lower year-on-year deficit at SR195 billion, compared to our forecast of SR220 billion.
