Q1 2017 Budget Statement: (Significantly yearly declines in the fiscal deficit)
Budget ReportThe 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.
Saudi Arabia's 2017 Fiscal Budget
Budget ReportThe governments 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 Programs (NTP) target of reaching a balanced budget by 2020.
