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The Saudi Cabinet will approve today, Dec. 7, the state's general budget for fiscal year 2023.
In its pre-budget statement, the Ministry of Finance estimated public revenue at SAR 1.123 trillion, and expenditures at SAR 1.114 trillion, with an expected surplus of SAR 9 billion, Argaam earlier reported.
The ministry expected revenues and expenditures to reach SAR 1.222 trillion and SAR 1.132 trillion, respectively, in 2022, with an estimated surplus of SAR 90 billion.
Saudi Arabia’s Actual Revenues and Expenditures (2000-2023) |
|||
Year |
Revenue (SAR bln) |
Expenditures (SAR bln) |
Surplus/Deficit (SAR bln) |
2023 estimates |
1123 |
1114 |
+9 |
2022 forecasts |
1222 |
1132 |
+90 |
2022 budget |
1045 |
955 |
+90 |
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 |
(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 |
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