Saudi Arabia estimates 2022 budget revenue at SAR 1.045 trln, expenditure at SAR 955 bln with SAR 90 bln surplus

Logo of "Saudi budget 2022"

Saudi Arabia estimated public revenue in 2022 budget at SAR 1.045 trillion, and expenditures at SAR 955 billion, with an expected surplus of SAR 90 billion, the Ministry of Finance said in its 2022 pre-budget statement today, Dec. 12.

Total expenditure was projected at SAR 1.015 trillion in 2021, while revenue was budgeted at SAR 930 billion, with an expected deficit of SAR 85 billion.

Actual Revenues & Expenditures of Saudi Budget (2000 to 2022)
Year	Revenue (SAR bln)	Expenditure (SAR bln)	Surplus/deficit (SAR bln)
2022 (Estimates)	1045	955	90
2021	930	1015	(85)
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

Expenditure was expected to reach SAR 1.015 trillion this year, an increase of SAR 25 billion compared to estimates.

Actual & Estimated Expenditure (2004-2022)
Year	Est. (SAR bln)	Actual (SAR bln)	Variation (bln)
2022	955	--	--
2021	990	1015	+25
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

Oil revenue was projected at SAR 588 billion, while non-oil revenue was seen reaching SAR 372 billion in 2021.

Oil and Non-Oil Revenue (2010-2021)
Year	Non-Oil Revenue (SAR bln)	Oil Revenue (SAR bln)	Total Revenue
2021	372	558	930
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

Gross domestic product (GDP) grew by 2.9% to SAR 3.207 trillion in 2021. The Kingdom’s inflation declined to 3.3%, compared to 3.4% in 2020.

Key Economic Data
Year	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Public Debt (SAR bln)	135.5	83.8	60.1	44.3	142.3	316.6	443.3	560	678	854	938
% of GDP	5.4%	3.0 %	2.1%	1.6 %	5.8 %	13.1 %	17.3%	19.0%	24 %	32.5%	29.2%

The Kingdom’s public debt rose to SAR 938 billion by the end of 2021, representing 29.2% of total GDP, compared to SAR 854 billion a year earlier.

The Saudi government allocated SAR 185 billion for the education sector in 2022, and SAR 138 billion for the healthcare and social development sector.

Saudi Budget

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