Saudi Arabia estimates 2021 budget revenues at SAR 849 bln, expenditures at SAR 990 bln

Saudi Arabia's revenues for the 2021 state budget are estimated at SAR 849 billion, with forecast expenditures of SAR 990 billion with a deficit of SAR 141 billion, or 4.9% of the Kingdom’s gross domestic product.

Total revenues are projected at SAR 770 billion this year, while expenditures are expected to stand at SAR 1.068 trillion, with an expected deficit of SAR 298 billion.

Actual Revenues and Expenditures of Saudi Arabia's Budget (2000-2021)
Year	Revenues (SAR bln)	Expenditures (SAR bln)	Variation (SAR bln)
2021 Estimates	849	990	(141)
2020	770	1068	(298)
2019	927	1059	(133)
2018	906	1079	(174)
2017	692	930	(238)
2016	519	831	(311)
2015	613	1001	(389)
2014	1040	1141	(101)
2013	1153	995	158
2012	1247	917	329
2011	1118	827	291
2010	741	654	87
2009	510	596	(87)
2008	1101	520	581
2007	643	466	177
2006	674	393	280
2005	564	346	218
2004	392	285	107
2003	293	257	36
2002	213	234	(21)
2001	228	255	( 27 )
2000	258	235	23

This year's expenditures were forecast at SAR 1.068 trillion, higher than estimates by SAR 48 billion.

Actual and Estimated Expenditures of Saudi Arabia's Budget (2004-2021)
Year	Estimated Expenditures (SAR bln)	Actual Expenditures (SAR bln)	Variation (SAR bln)
2021	990	--	--
2020	1020	1068	+48
2019	1106	1059	(58)
2018	978	1079	+101
2017	890	930	+40
2016	840	831	(9)
2015	860	1001	+141
2014	855	1141	+286
2013	820	995	+175
2012	690	917	+227
2011	580	827	+247
2010	540	654	+114
2009	475	596	+121
2008	410	520	+110
2007	380	466	+86
2006	335	393	+58
2005	280	346	+66
2004	230	285	+55

The Kingdom’s GDP shrank by 16.4% to SAR 2.486 trillion in 2020, while the inflation rate accelerated to 3.7% compared to a year earlier.

Key Economic data
Item	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
GDP (SAR bln)	1981	2517	2760	2800	2836	2454	2419	2582	2949	2974	2486
Inflation	3.8%	3.7%	2.9%	3.5%	2.7%	2.2%	3.4%	(0.1%)	2.6%	(1.0%)	3.7%

The Kingdom’s public debt rose to SAR 854 billion by the end of 2020, or 34.3% of the Kingdom’s GDP, as compared to SAR 678 billion a year earlier.

The public debt is expected to stand at SAR 937 billion, or 33% of GDP by the end of 2021.

Key Economic data
Year	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Public debt(SARbln)	167	135.5	83.8	60.1	44.3	142.3	316.6	443.3	560	678	854
Debt-to-GDP ratio	8.40%	5.4%	3.0%	2.1%	1.6%	5.8%	13.1%	17.3%	19.0%	24%	34.3%

The Saudi government allocated SAR 186 billion for the education sector and SAR 175 billion for health and social development in the 2021 budget.

Estimated Expenditures of Saudi Arabia's 2020 Budget (SAR bln)
Sector	Allotted Amount
Public Administration	34
Education	186
Health and Social Development	175
Municipal Services	51
Military	175
Security and Regional Administration	101
Infrastructure and Transportation	46
Economic Resources	72
General Items	151
Total	990

For More Reports

Budget Statement 2021

Saudi Budget 2021

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Most Read

Popular Links

Quick Links

About Us

Join Us

Follow Us