Q2 2017 budget statement: (the fiscal deficit continues to show yearly declines).
Macroeconomic ReportDue to an increase in government revenue, by 6 percent, and a drop in expenses by 1 percent, year-on-year, the fiscal deficit declined to SR46.5 billion in Q2 2017, compared to SR58 billion a year ago. Continued yearly improvements in oil revenue helped lift overall government revenue in Q2 2017, whilst total government expenses dropped by 1 percent year-on-year in Q2 2017. This was largely a result of a drop in capital expenditure, which fell by 12 percent year-on-year, whereas current expenditure rose by 1 percent year-on-year.
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.
Macroeconomic Update – August 2021: (The Saudi economy: on a very firm footing)
Macroeconomic ReportBoth actual and flash estimates of the Kingdoms GDP published by the General Authority for Statistics (GaStat) have shown strong non-oil sector growth in H1 2021. This combined with our expectation of continued growth in H2, has led us to upgrade our full year 2021 GDP forecast.
Saudi Labor Market Update – Q1 2021
Macroeconomic ReportThe General Authority for Statistics (GaStat) latest labor market release shows that unemployment declined to 11.7 percent in Q1 2021, down from 12.6 percent in Q4 2020, marking the lowest rate since 2016.
