Budget reports

Reports based on Saudi Budget

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    Thu, 04 November 2021

    Q3 2021 Budget Statement: (A fiscal surplus!)

    Government revenue totaled SR243 billion in Q3 2021, up 13 percent, or SR28 billion, year-on-year. An improvement in global oil prices led to oil revenue rising 60 percent on a yearly basis, resulting in this segment’s contribution rising to 61 percent of total revenue during the quarter.

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    Sun, 03 October 2021

    Saudi Arabia’s 2022 Preliminary Budget Statement

    The main adjustment to Saudi Arabia’s fiscal outlook relates to the revenue side. According to the preliminary budget statement, government revenue is now expected to be 9 percent higher this year (at SR930 billion), 4 percent higher next year (at SR903 billion), and 4 percent higher in 2023 (at SR968 billion), when compared to the 2021 fiscal budget statement.

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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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