Budget reports

Reports based on Saudi Budget

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    Tue, 16 May 2017

    Q1 2017 Budget Statement: (Significantly yearly declines in the fiscal deficit)

    The first ever publication of a quarterly budget performance report by the Ministry of Finance (MoF) showed a greatly improved picture in Q1 2017, when compared to a year ago. Due to large increases in year-on-year government revenues, by 72 percent, and a drop in expenses, by 3 percent, the fiscal deficit was much lower, at SR26.2 billion, than the pro-rata quarterly figure of SR50 billion, based on the 2017 fiscal budget figure of SR198 billion.

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    Sun, 25 December 2016

    Saudi Arabia's 2017 Fiscal Budget

    The government’s budget for the 2017 fiscal year (31 December 2016 to 30 December 2017) was endorsed by the Council of Ministers on 22nd December. It points to an expansionary stance and is also in line with the National Transformation Program’s (NTP) target of reaching a balanced budget by 2020.

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    Wed, 30 December 2015

    2016 Saudi Budget

    The government’s budget for the 2016 fiscal year (31 December 2015 to 30 December 2016) was endorsed by the Council of Ministers on 28th December. It points to a sustained commitment in maintaining a high level of spending on the economy despite the continued environment of lower oil prices. The government has budgeted for a SR326 billion deficit in nominal terms, based on revenues of SR514 billion and expenditures of SR840 billion. The deficit will continue to be financed using a combination of Saudi Arabian Monetary Agency’s (SAMA) huge stock of net foreign assets, and domestic debt. 

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    Sun, 28 December 2014

    2015 Saudi Budget

    Another expansionary budget was announced for 2015. Spending maintained at a very high level, underscoring the government’s 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 SAMA’s huge stock of net foreign assets.  Domestic debt was cut to a long-term low of only 1.6 percent of GDP.

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    Wed, 25 December 2013

    2014 Saudi Budget

    Another 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.

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    Sun, 30 December 2012

    2013 Saudi Budget

    Saudi Arabia's 2013 budget which issued yesterday 29 December was another expansionary budget that will play an important role in supporting the economy.

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    Fri, 30 December 2011

    2012 Saudi Budget

    Another expansionary budget was announced for 2012. 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.

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    Wed, 01 December 2010

    2011 Saudi Budget

    A stimulatory budget was announced for 2011, authorizing huge government investment spending that will provide a major contribution to economic growth.

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    Tue, 01 December 2009

    2010 Saudi Budget

    Another aggressive budget was announced for 2010, with spending maintained at a very high level as the government seeks to ensure that the economic recovery in the Kingdom gains traction.

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    Mon, 01 December 2008

    2009 Saudi Budget

    Spending has been raised in the 2009 budget compared with the budgeted total for 2008 in a clear sign that the government will push ahead with its investment program despite a sharp fall in oil prices and the weak global economic outlook.

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