Q1 2018 Budget Report: (Social Benefits contribute to higher expenditure)
Budget ReportThe Q1 2018 quarterly budget statement shows the governments efforts to raise non-oil revenue is working, with a near triple yearly rise in 'Taxes on goods and services seen during the quarter.
Q2 2018 Budget Report: (Fiscal deficit narrows dramatically)
Budget ReportTotal government revenue rose to SR273 billion in Q2 2018, up by 67 percent, or SR110 billion, year-on-year. Whilst non-oil revenue saw a rise of 42 percent year-on-year, government oil revenue rose by an even higher rate during the quarter, to a total of SR184 billion.
Saudi Arabia’s 2019 Preliminary Budget Statement
Budget ReportBased on the Ministry of Finances (MoF) continued implementation of the Vision 2030 and the strategic objectives under the National Transformation Program 2020 (NTP), the preliminary budget for the 2019 fiscal year was released on 30th September 2018. A number of fiscal indicators were revised upwards in the period from 2018 to 2021.
