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).
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.
Saudi Arabia’s 2020 Preliminary Budget Statement
Budget ReportBased on the Ministry of Finances (MoF) continued implementation of the Vision 2030, the preliminary budget for the 2020 fiscal year was announced on 31st October 2019. A number of fiscal indicators were revised in the period from 2019 to 2022.
Q1 2019 Budget Statement: (Fiscal surplus recorded in Q1 2019)
Budget ReportGovernment revenue totaled SR245 billion in Q1 2019, up 48 percent, or SR79 billion, year-on-year. Both oil and non-oil revenue saw sizable rises.
