2019 Saudi Fiscal Budget
Budget ReportAs outlined in the first ever preliminary fiscal budget in September, the government will support the economy through the largest ever budgeted expenditure of SR1.1 trillion in 2019. Based on revenues of SR975 billion, the government is budgeting for a slightly lower year-on-year deficit at SR131 billion, compared to SR136 billion in 2018.
Q1 2019 Budget Statement: (Fiscal surplus recorded in Q1 2019)
Budget ReportGovernment revenue totaled SR245 billion in Q1 2019, up 48 percent, or SR79 billion, year-on-year. Both oil and non-oil revenue saw sizable rises.
Q1 2018 Budget Report: (Social Benefits contribute to higher expenditure)
Budget ReportThe Q1 2018 quarterly budget statement shows the governments efforts to raise non-oil revenue is working, with a near triple yearly rise in 'Taxes on goods and services seen during the quarter.
Q2 2018 Budget Report: (Fiscal deficit narrows dramatically)
Budget ReportTotal 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.
