Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
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.
Saudi Arabia’s 2020 Preliminary Budget Statement
Budget reportBased on the Ministry of Finances (MoF) continued implementation of the Vision 2030, the preliminary budget for the 2020 fiscal year was announced on 31st October 2019. A number of fiscal indicators were revised in the period from 2019 to 2022.
Q1 2020 Budget Statement: (Greater fiscal pain to come)
Budget reportGovernment revenue totaled SR192 billion in Q1 2020, down 22 percent, or SR53 billion, year-on-year. Declines were seen in both oil and non-oil revenue.
