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.
2013 Saudi Budget
Budget reportSaudi Arabia's 2013 budget which issued yesterday 29 December was another expansionary budget that will play an important role in supporting the economy.
![report image](/sites/default/files/2022-01/report-budget_82.jpg)
![report image](/sites/default/files/2022-01/report-budget_83.jpg)
Saudi Arabia's 2014 budget
Macroeconomic reportAnother expansionary budget was announced for 2014. 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.
![report image](/sites/default/files/2022-01/report-macroeconomic_33.jpg)
2015 Saudi Budget
Budget reportAnother expansionary budget was announced for 2015. Spending maintained at a very high level, underscoring the governments determination and ability to support economic activity despite the prevailing subdued oil pricing environment. A deficit of about 6 percent of GDP will be financed comfortably using SAMAs huge stock of net foreign assets. Domestic debt was cut to a long-term low of only 1.6 percent of GDP.
![report image](/sites/default/files/2022-01/report-budget_75.jpg)
2008 Saudi Budget
Budget reportThe 2008 budget maintains the focus on enhancing infrastructure and as usual is based on a prudent oil price assumption. For 2007, restrained spending growth and high oil revenues caused another large budget surplus and the economy performed strongly.
![report image](/sites/default/files/2022-01/report-budget_65.jpg)