Q1 2017 Budget Statement: (Significantly yearly declines in the fiscal deficit)
Budget ReportThe first ever publication of a quarterly budget performance report by the Ministry of Finance (MoF) showed a greatly improved picture in Q1 2017, when compared to a year ago. Due to large increases in year-on-year government revenues, by 72 percent, and a drop in expenses, by 3 percent, the fiscal deficit was much lower, at SR26.2 billion, than the pro-rata quarterly figure of SR50 billion, based on the 2017 fiscal budget figure of SR198 billion.
2012 Saudi Budget
Budget ReportAnother expansionary budget was announced for 2012. The budget highlights the government's intention to continue to stimulate the economy. Budgeted spending and revenues were both at all-time highs. Spending priorities are consistent with previous years.
