Saudi Arabia Government Budget

Saudi Arabia recorded a Government Budget deficit equal to 8.90 percent of the country’s Gross Domestic Product in 2017. Government Budget in Saudi Arabia averaged 1.42 percent of GDP from 1969 until 2017, reaching an all time high of 43.17 percent of GDP in 1973 and a record low of -25.27 percent of GDP in 1987. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides – Saudi Arabia Government Budget – actual values, historical data, forecast, chart, statistics, economic calendar and news.