Here’s a look at Saudi budget projections for 2018-2020

Saudi Arabia’s tax revenues are expected to increase by around SAR 45 billion to SAR 142 billion in 2018 compared to 2017, figures included in 2018 budget showed.

Tax revenues are likely to increase further by SAR 47 billion in 2020, compared to 2018.

Other revenues are projected to increase to SAR 720 billion in 2020 from SAR 641 billion in 2018, data showed.

Meanwhile, expenditure is expected to rise to SAR 1.05 trillion in 2020 from SAR 978 billion in 2018.

As for the debt-to-GDP ratio, the Ministry of Finance sees an increase from 21 percent in 2018 to 26 percent in 2020.

Saudi Budget Projections (SAR bln)
Item		2016 actual	2017 budget	2017 estimates	2018 budget	2019 estimates	2020 estimates
Revenue
Total Revenue	519		692	696	783	843	909
Taxes	82		121	97	142	164	189
Taxes on income, profit & capital gains	15		18	14	15	16	18
Taxes on goods & services	30		56	47	85	103	124
Taxes on trade and international transactions	20		31	21	25	26	28
Other taxes	17		16	15	17	18	20
Other revenue	437		571	599	641	679	720
Expenditure
Total Expenditure	830		890	926	978	1,006	1,050
Operating expenditure	696		716	746	773	789	822
Employee compensations	409		412	440	438	445	452
Goods and services	150		153	135	143	145	146
Financing charges	5		9	9	14	19	24
Subsidies	7		7	7	14	7	7
Grants	5		3	3	3	3	3
Social benefits	41		37	44	65	74	94
Other expenditure	79		95	108	95	95	96
Non-financial assets (capital expenditure)	134		174	180	205	218	228
Budget Surplus/ deficit
Budget surplus/deficit	(311)		(198)	(230)	(195)	(163)	(141)
Budget surplus/deficit to GDP %	(12.8%)		(7.7%)	(8.9%)	(7.3%)	(5.9%)	(4.9%)
Debt and assets
Debt	317		--	438	555	673	749
Debt to GDP ratio (%)	13 %		--	17 %	21 %	24 %	26 %
Govt deposits at SAMA	683		--	584	456	411	345
Govt deposits to GDP %	28.2%		--	22.7 %	17.2 %	14.8 %	12.0 %

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