Budget reports

Reports based on Saudi Budget

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    Wed, 11 August 2021

    Q2 2021 Budget Statement: (Fiscal deficit remains contained)

    Government revenue totaled SR248 billion in Q2 2021, up a sizable 85 percent, or SR114 billion, year-on-year. Looking at the breakdown, both oil revenue (up 38 percent year-on-year) and non-oil revenue rose sharply (up 203 percent year-on-year).

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    Thu, 06 May 2021

    Q1 2021 Budget Statement: (VAT makes a difference)

    Government revenue totaled SR205 billion in Q1 2021, up 7 percent, or SR13 billion, year-on-year. Looking at the breakdown, oil revenue declined 9 percent year-on-year whilst non-oil revenue rose 39 percent compared to the same period last year.

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    Wed, 16 December 2020

    2021 Saudi Fiscal Budget

    As outlined in the preliminary fiscal budget in September, budgeted government expenditure will total SR990 billion in 2021. Based on revenue of SR849 billion, the government is budgeting for a lower year-on-year deficit at SR141 billion in 2021 (-4.9 percent of GDP), compared to SR298 billion in 2020 (-12 percent of GDP).

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    Mon, 02 November 2020

    Q3 2020 Budget Statement: (Rise in non-oil revenue)

    Government revenue totaled SR216 billion in Q3 2020, up 4 percent, or SR8 billion, year-on-year. Whilst oil revenue declined, non-oil revenue rose sharply.

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    Sun, 04 October 2020

    Saudi Arabia’s 2021 Preliminary Budget Statement

    The main adjustment to Saudi Arabia’s fiscal outlook relates to the current year, with significant changes to the revenue, expenditure and the fiscal deficit. Thus, in 2020, revenue is expected to total SR770 billion, around SR63 billion (or 8 percent) lower than the previously budgeted total of SR833 billion in last year’s budget statement.

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    Sun, 09 August 2020

    Q2 2020 Budget Statement: (Debt rises significantly)

    Government revenue totaled SR134 billion in Q2 2020, down 49 percent year-on-year. Declines were seen in both oil and non-oil revenue.

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    Thu, 30 April 2020

    Q1 2020 Budget Statement: (Greater fiscal pain to come)

    Government 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.

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    Tue, 10 December 2019

    2020 Saudi Fiscal Budget

    As outlined in the preliminary fiscal budget in November, budgeted government expenditure will total SR1020 billion in 2020. Based on revenues of SR833 billion, the government is budgeting for a higher year-on-year deficit at SR187 billion in 2020 (6.4 percent of GDP), compared to SR131 billion in 2019 (4.7 percent of GDP).

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    Tue, 05 November 2019

    Q3 2019 Budget Statement: (Non-oil revenue rises in Q3)

    Government revenue totaled SR207 billion in Q3 2019, down 7 percent, or SR16 billion, year-on-year. Declines were seen only in oil revenue, whilst non-oil revenue rose by 9 percent.

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    Sun, 03 November 2019

    Saudi Arabia’s 2020 Preliminary Budget Statement

    Based on the Ministry of Finance’s (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.

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