Saudi Arabia announces 2020 Budget: Delivering efficiently and powering private sector growth
MINISTRY OF FINANCE, SAUDI ARABIA, RIYADH, Saudi Arabia, Dec. 9, 2019 - The 2020 budget indicates total expenditures of SAR 1,020 billion, and SAR 833 billion of projected revenues. The 2020 budget deficit is projected to amount SAR 187 billion (6.4% of GDP). For FY 2019, it is expected that the actual expenditures will reach SAR 1,048 billion and total actual revenues are expected to reach SAR 917 billion. The deficit is expected to amount to SAR 131 billion (4.7% of estimated 2019 GDP).
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