Budget reports

Reports based on Saudi Budget

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    Sun, 04 November 2018

    Q3 2018 Fiscal Budget Statement: (Fiscal deficit shrinks in Q3)

    Government 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.

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    Tue, 02 October 2018

    Saudi Arabia’s 2019 Preliminary Budget Statement

    Based on the Ministry of Finance’s (MoF) continued implementation of the Vision 2030 and the strategic objectives under the National Transformation Program 2020 (NTP), the preliminary budget for the 2019 fiscal year was released on 30th September 2018. A number of fiscal indicators were revised upwards in the period from 2018 to 2021.

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    Tue, 14 August 2018

    Q2 2018 Budget Report: (Fiscal deficit narrows dramatically)

    Total government revenue rose to SR273 billion in Q2 2018, up by 67 percent, or SR110 billion, year-on-year. Whilst non-oil revenue saw a rise of 42 percent year-on-year, government oil revenue rose by an even higher rate during the quarter, to a total of SR184 billion.

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    Thu, 10 May 2018

    Q1 2018 Budget Report: (Social Benefits contribute to higher expenditure)

    The Q1 2018 quarterly budget statement shows the government’s efforts to raise non-oil revenue is working, with a near triple yearly rise in 'Taxes on goods and services’ seen during the quarter.

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    Tue, 19 December 2017

    2018 Saudi Fiscal Budget

    The government continues to support the economy through the largest ever budgeted expenditure of SR978 billion in 2018, compared with 2017’s budget of SR890 billion. Based on revenues of SR783 billion, the government is budgeting for a slightly lower year-on-year deficit at SR195 billion, compared to our forecast of SR220 billion.

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    Wed, 22 November 2017

    Q3 2017 Budget Statement: (A large rise in government oil revenue needed in Q4 2017)

    Due to an increase in government revenues by 11 percent, and despite a rise in expenses by 5 percent year-on-year, the fiscal deficit improved to SR49 billion in Q3 2017, compared to SR54 billion a year ago. Total government expenses rose by 5 percent year-on-year in Q3 2017, to a total of SR191 billion, but remain broadly flat on a year-to-date basis, over the same period last year. The largest contributor to current expenses, ‘Compensation of Employees’.

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    Thu, 17 August 2017

    Q2 2017 budget statement: (the fiscal deficit continues to show yearly declines).

    Due 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.

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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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