Saudi Arabia recorded a government budget deficit of 293900 SAR Million in 2020. source: Saudi Arabian Monetary Agency

Government Budget Value in Saudi Arabia averaged 2784.76 SAR Million from 1969 until 2020, reaching an all time high of 580924 SAR Million in 2008 and a record low of -362229 SAR Million in 2015. This page provides - Saudi Arabia Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Government Budget Value - values, historical data and charts - was last updated on October of 2021.

Government Budget Value in Saudi Arabia is expected to reach -284629.00 SAR Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Government Budget Value is projected to trend around -334271.00 SAR Million in 2022, according to our econometric models.

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Saudi Arabia Government Budget Value

Saudi Arabia Last Unit Reference Previous Highest Lowest
Government Debt to GDP 32.50 percent of GDP Dec/20 22.80 103.50 1.60
Government Budget -11.20 percent of GDP Dec/20 -4.50 43.20 -25.30
Government Spending 181365.00 SAR Million Jun/21 164082.00 232789.00 76217.00
Government Revenues 781834.00 SAR Million Dec/20 926846.00 1247398.00 5668.00
Government Budget Value -293900.00 SAR Million Dec/20 -132599.00 580924.00 -362229.00

Saudi Arabia Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.