Saudi Arabia Budget 2018

Saudi 2018 Budget To Be Kingdom S Largest Deficit Expected At Sar 195 Bln

For 2018 of 1 030 trillion.

Saudi arabia budget 2018. Saudi energy minister says phone has not stopped ringing. The country has the second largest proven petroleum reserves and is the largest exporter. There is no doubt that the government of saudi arabia is moving forward driven by its ambitious vision to diversify the.

Report of the board of directors for the year 2018. Welcome to kpmg saudi arabia s first ever budget report for the kingdom of saudi arabia ksa. We are pleased to present our analysis on the budget statement for the fiscal year 2019 announced on tuesday 18 december 2018.

Saudi arabia s real gross domestic product is expected to expand 2 3 per cent in 2018 after shrinking 0 7 per cent in 2017. Oil production cuts bring budget boost in saudi arabia. Saudi arabia s government aims to increase spending by over 7 percent next year in an effort to boost sluggish economic growth while continuing to cut its budget.

By richard wachman 20 december 2017. The saudi ministry of finance announced the 2019 budget on 1 8 th december 2018. This report is a continuation of strategic gears s commitment to highlight key insights and outlooks from saudi budget announcements.

This page provides saudi arabia government budget actual values historical. Interact with us on. Get set to budget and go.

Report of the audit committee. Saudi arabia is part of the g20 group of countries. In this report we will compare the 2018 estimates and the 2019 budgeted fiscal and economic figures with the actual and forecasted.

The economy of saudi arabia is one of the top twenty economies in the world and the largest economy in the arab world and the middle east. It is expected to grow 2 6 per cent in 2019 said the minister. Saudi arabia recorded a government budget deficit equal to 9 20 percent of the country s gross domestic product in 2018.

With a total worth of us 33 2 trillion saudi arabia has the second most valuable natural resources in the world. Government budget in saudi arabia averaged 1 21 percent of gdp from 1969 until 2018 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.