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 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.
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.
