2015 Saudi Budget
Budget ReportAnother expansionary budget was announced for 2015. Spending maintained at a very high level, underscoring the governments determination and ability to support economic activity despite the prevailing subdued oil pricing environment. A deficit of about 6 percent of GDP will be financed comfortably using SAMAs huge stock of net foreign assets. Domestic debt was cut to a long-term low of only 1.6 percent of GDP.
2016 Saudi Budget
Budget ReportThe governments budget for the 2016 fiscal year (31 December 2015 to 30 December 2016) was endorsed by the Council of Ministers on 28th December. It points to a sustained commitment in maintaining a high level of spending on the economy despite the continued environment of lower oil prices. The government has budgeted for a SR326 billion deficit in nominal terms, based on revenues of SR514 billion and expenditures of SR840 billion. The deficit will continue to be financed using a combination of Saudi Arabian Monetary Agencys (SAMA) huge stock of net foreign assets, and domestic debt.
2008 Saudi Budget
Budget ReportThe 2008 budget maintains the focus on enhancing infrastructure and as usual is based on a prudent oil price assumption. For 2007, restrained spending growth and high oil revenues caused another large budget surplus and the economy performed strongly.
2009 Saudi Budget
Budget ReportSpending has been raised in the 2009 budget compared with the budgeted total for 2008 in a clear sign that the government will push ahead with its investment program despite a sharp fall in oil prices and the weak global economic outlook.
2010 Saudi Budget
Budget ReportAnother aggressive budget was announced for 2010, with spending maintained at a very high level as the government seeks to ensure that the economic recovery in the Kingdom gains traction.
