Saudi Arabia’s 2021 Preliminary Budget Statement
Budget ReportThe main adjustment to Saudi Arabias 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 years budget statement.
Q2 2021 Budget Statement: (Fiscal deficit remains contained)
Budget ReportGovernment 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).
