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Saudi Budget and Forecast 2021 indications mentioned by the Finance Ministry. The current year 2020 has been challenging for many economies and countries in the world. However, the Kingdom has been one of the best countries who responded to the epidemic with control measures. There was no major outage or food shortage or any other issues which many other countries have seen. So here is what Finance Ministry has said.
Saudi Budget and Forecast 2021 indications mentioned by the Finance Ministry
- Saudi budget projections of 1.068 trillion riyals for the year 2020 and a 12% deficit.
- The Kingdom’s budget revenues for 2021 were estimated at 846 billion riyals.
- Public debt forecast at 34.4% and a GDP decline of 3.8% for 2020.
- Total revenue for 2020 is 770 billion.
- Estimates of the general budget at 990 billion riyals.
- Estimates of revenues amounted to 846 billion riyals.
- 145 billion riyals, the expected budget deficit.
- Expected growth in revenues of 10%.
- Estimates of the general budget deficit at 5.1%.
- And Estimates of GDP growth of 3.2%
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