Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
2023 Saudi Fiscal Budget
Budget reportThe government projects total expenditure for 2023 at SR1.11 trillion, which is 16.6 percent above the 2022 budget (SR955 billion), but some 1.6 percent below the official estimate for 2022 (SR1.13 trillion). Government investment spending (capex) is projected to rise by around 4 percent compared with the official 2022 estimate as the authorities focus on delivering projects that were delayed during the Covid-19 pandemic.
Macroeconomic update - September 2022: ('Growth across various sectors')
Macroeconomic reportRecently published data of the Kingdom’s GDP by the General Authority for Statistics (GaStat) showed strong growth in both oil and non-oil activities in H1 2022. This combined with our expectation of continued growth in H2, has led us to upgrade our full year 2022 GDP forecast.
