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.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}