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.
Q3 2018 Fiscal Budget Statement: (Fiscal deficit shrinks in Q3)
Budget reportGovernment revenue totaled SR223 billion in Q3 2018, up by 57 percent, or SR81 billion, year-on-year. Whilst non-oil revenue saw a rise of 45 percent year-on-year, government oil revenue rose by only 15 percent, to SR154 billion, year-on-year.
2014 Saudi Budget
Budget reportAnother expansionary budget was announced for 2014. The budget highlights the government's intention to continue to stimulate the economy. Budgeted spending and revenues were both at all-time highs. Spending priorities are consistent with previous years.
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.
