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 |
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