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.
Saudi Arabia’s coming oil and fiscal challenge
Saudi Arabia is currently enjoying oil revenues in excess of its fiscal needs, but government spending and domestic consumption of crude oil are rising far faster than overall oil output. We have examined each of these trends in detail and projected their likely path to 2030. For the next decade, high government savings mean the fiscal position remains healthy. For the 2020s, the environment will be very different.
Saudi Arabia’s 2021 Preliminary Budget Statement
Budget reportThe main adjustment to Saudi Arabias fiscal outlook relates to the current year, with significant changes to the revenue, expenditure and the fiscal deficit. Thus, in 2020, revenue is expected to total SR770 billion, around SR63 billion (or 8 percent) lower than the previously budgeted total of SR833 billion in last years budget statement.
