Argaam Macro: Saudi 2024 budget sees record spending

Saudi Arabian banknotes

Argaam Macro indicated that Saudi Arabia’s estimated 2024 budget witnessed record spending of SAR 1.34 trillion, reflecting the government’s expansionary fiscal policies to drive economic growth.

The Ministry of Finance earlier highlighted significant progress toward Vision 2030 goals, pledging to maintain structural reforms.

Transformative spending will focus on sectoral strategies, Vision 2030 programs, and mega projects to support sustainable growth. Social welfare spending will continue to ease the economic impact on targeted groups.

For more on budget stats on Argaam Macro