Saudi Arabia estimates 2025 revenues at SAR 1.18T, expenditure at SAR 1.28T
Logo of Saudi Arabia Budget 2025
Saudi Arabia estimated revenues for the 2025 state budget at SAR 1.18 trillion, with a forecast expenditure of SAR 1.28 trillion. A deficit of up to SAR 101 billion is expected in 2025, the Ministry of Finance said today, Nov. 26.
The 2025 revenues and expenditure are estimated at SAR 1.18 trillion and SAR 1.28 trillion for 2025, respectively.
Meanwhile, the ministry estimated revenues at SAR 1.23 trillion and expenditure at SAR 1.34 trillion for the current year, with a deficit of SAR 115 billion.
Actual Revenues and Expenditure of Saudi Arabia's Budget (2000-2025) |
|||
Year |
Revenues (SAR bln) |
Expenditure (SAR bln) |
Surplus/Deficit (SAR bln) |
2025 est. |
1184 |
1285 |
(101) |
2024 forecasts |
1237 |
1355 |
(118) |
2023 budget |
1212 |
1293 |
(81) |
2022 |
1268 |
1164 |
104+ |
2021 |
965 |
1039 |
(73) |
2020 |
782 |
1076 |
(294) |
2019 |
927 |
1059 |
(133) |
2018 |
906 |
1079 |
(174) |
2017 |
692 |
930 |
(238) |
2016 |
519 |
831 |
(311) |
2015 |
613 |
1001 |
(389) |
2014 |
1040 |
1141 |
(100) |
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 |
The ministry expected the 2024 expenditure at about SAR 1.28 trillion.
Estimated and actual expenditure (2004-2025) |
|||
Year |
Est. Expenditure (SAR bln) |
Actual Expenditure (SAR bln) |
Variation (SAR bln) |
2025 |
1285 |
-- |
-- |
2024 |
1172 |
-- |
-- |
2023 |
1114 |
1293 |
+179 |
2022 |
955 |
1164 |
+209 |
2021 |
990 |
1039 |
+49 |
2020 |
1020 |
1076 |
+56 |
2019 |
1106 |
1059 |
(47) |
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 |
Capital expenditure was also budgeted at SAR 184 billion in 2025, or 14% of total public spending.
Operating and Capital Expenditure (SAR bln) |
|||
Year |
Operating Expenditure |
Capital Expenditure |
Total |
2025* |
1101 |
184 |
1285 |
2024** |
1148 |
198 |
1345 |
2023 |
1107 |
186 |
1293 |
2022 |
1021 |
143 |
1164 |
2021 |
922 |
117 |
1039 |
2020 |
921 |
155 |
1076 |
2019 |
890 |
169 |
1059 |
*Estimates
**Forecasts
It expected oil and non-oil revenue to reach SAR 758 billion and SAR 472 billion, respectively in 2024.
Oil and Non-oil Revenues (2010-2024) |
|||
Year |
Non-oil Revenues (SAR bln) |
Oil Revenues (SAR bln) |
Total Revenues (SAR bln) |
2024 |
472 |
758 |
1230 |
2023 |
458 |
755 |
1212 |
2022 |
411 |
857 |
1268 |
2021 |
403 |
562 |
965 |
2020 |
369 |
413 |
782 |
2019 |
332 |
594 |
927 |
2018 |
294 |
611 |
906 |
2017 |
256 |
436 |
692 |
2016 |
186 |
334 |
519 |
2015 |
166 |
446 |
613 |
2014 |
127 |
913 |
1040 |
2013 |
118 |
1035 |
1153 |
2012 |
102 |
1145 |
1247 |
2011 |
83 |
1034 |
1118 |
2010 |
71 |
670 |
741 |
Moreover, the Saudi government allocated SAR 260 billion for health and social development, and SAR 201 billion for education.
Aspects of Expenditure in 2025 (estimates) – SAR bln |
|
Sector |
Allocation |
Public Administration |
44 |
Military |
272 |
Security and Regional Administration |
121 |
Municipal Services |
65 |
Education |
201 |
Healthcare and Social Development |
260 |
Economic Resources |
87 |
Infrastructure and Transport |
42 |
General Items |
192 |
Total |
1285 |
Saudi Arabia’s gross domestic product (GDP) reached SAR 4.09 trillion in 2024, while inflation rose on an annual basis to 1.7%.
The Kingdom estimated GDP growth at SAR 4.35 trillion next year.
Key Economic Data |
||||||||||||
Item |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024* |
2025* |
GDP (SAR bln) |
2836 |
2454 |
2419 |
2582 |
3175 |
3145 |
2754 |
3278 |
4157 |
4003 |
4091 |
4352 |
Inflation |
2.7% |
2.2% |
3.4% |
(0.1%) |
2.6 % |
(1.0%) |
3.4 % |
3.1 % |
2.5 % |
2.3% |
1.7% |
1.9% |
Key Economic Data |
|||||||||||
Year |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
*2024 |
*2025 |
Public Debt (SAR bln) |
142.3 |
316.6 |
443.3 |
560 |
678 |
854 |
938 |
990 |
1050 |
1199 |
1300 |
Debt- to -GDP Ratio |
5.9% |
13.2% |
17.3% |
17.6% |
21.6% |
31.0% |
28.6% |
23.8% |
26.2% |
29.3% |
29.9% |
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