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Saudi Arabia slashes growth forecasts, sees wider budget deficits
Saudi Arabia's real GDP is expected to grow 0.8% this year, a dramatic drop from a previous estimate of 4.4%, according to the latest government figures.
Oil-rich Saudi projects budget deficit through 2027
The deficit is projected to hit 2.9 percent of Saudi gross domestic product in 2026, and 3.0 percent in 2027, the ministry said, citing “the government’s strategic expansionary spending policies that foster economic diversification and sustainable growth”.
Saudi Arabia expects 2024 deficit to widen to 3% of GDP
Saudi Arabia estimates its 2024 fiscal deficit will widen to almost 3% of GDP, according to a government statement on Monday, as it increases spending to boost growth and meet the objectives of its Vision 2030 economic transformation plan.
Saudi Arabia Projected to Widen Fiscal Deficit for 2024 Amid Vision 2030 Economic Expansion
Saudi Arabia's 2024 fiscal deficit is expected to widen to 2.9% of GDP as spending increases to fuel growth and meet Vision 2030 objectives, despite lower oil prices. The government forecasts real GDP growth of 0.
Saudi Arabia Expects Deficit Of 2.3 Per Cent Of GDP For 2025
( MENAFN - IANS) Riyadh, Oct 1 (IANS) The Saudi Ministry of Finance announced the Pre-Budget Statement for Fiscal Year 2025, which estimated a deficit of 2.3 per cent of Gross Domestic Product (GDP). The statement expected total expenditures to reach 1.28 trillion Saudi riyals ($0.34 trillion) and total revenues to reach 1.18 trillion Saudi riyals.
Saudi Arabia projects long-term deficit amid vision 2030 spending
ALBAWABA - Saudi Arabia, the Arab world's largest economy, has forecasted a budget deficit of 2.3% of GDP in 2025, with the shortfall expected to contin
Saudi Arabia Projects 2.3% GDP Deficit by 2025
Saudi Arabia plans for a 2.3% Gross Domestic Product (GDP) deficit in 2025. The country's finance ministry estimates total expenditures of 1,285 billion riyals ($342 billion) and revenues of 1,184 billion riyals.
Saudi Arabia announces pre-budget with $316bn revenues and $343bn spending next year
The Saudi Ministry of Finance announced its Pre-Budget Statement for Fiscal Year 2025, which estimates total expenditures will reach SR1.285tn ($342.7bn), and total revenues will reach SR1.184tn ($315.7bn), recording a deficit of 2.3 per cent of Gross Domestic Product (GDP).
Saudi Arabia expects larger budget deficits on Vision 2030 spending boost
Saudi Arabia expects its budget deficit to widen this year and next as the Arab world's largest economy boosts spending to finance its economic diversification agenda under the Vision 2030 plan. The kingdom's deficit will reach 118 billion Saudi riyals ($31.
1d
Saudi oil may keep a lid on Middle East fallout
The war in the Middle East seems to be crossing red line after red line. Following attacks on top Hezbollah commanders in ...
Zawya
12d
Fashion industry’s contribution to Saudi GDP reaches 2.5%
The latest edition of the annual report was unveiled to media and guests through a creative showcase at the Saudi Fashion ...
malaymail
1d
Oil-rich Saudi projects budget deficit through 2027 despite reform drive
The Arab world’s biggest economy Saudi Arabia announced yesterday it anticipates a budget deficit of 2.3 per cent of GDP in ...
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