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.
Q1 2021 Budget Statement: (VAT makes a difference)
Budget reportGovernment 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.
