The Kingdom of Saudi Arabia's flag
The International Monetary Fund (IMF) expects Saudi Arabia to achieve budget deficit of 1.2% of GDP in 2023, before returning to a surplus of 0.3% in 2024.
Government revenues are forecast to reach 29.5% of GDP in 2023, and expenditure is likely to hit 29.2%, the IMF added in a recent report.
The government debt ratio is expected to reach 24.1% of GDP during 2023, and decline to 22.4% in 2024.
In a pre-budget statement, the Saudi Ministry of Finance expected a budget deficit of SAR 82 billion and SAR 79 billion in 2023 and 2024, respectively, Argaam earlier reported.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}