Keynotes of the Saudi General Budget, Revealed

Saudi public debt rose to SR948,322 bln, at the end of the first 9-months of the current year, an increase of SR94.8 bln, compared to previous levels, at the end of 2020, as it was at SR853.515 bln, the ministry of finance revealed.

According to Saudi Arabia’s budget statement for the Q3 of 2021, the internal debt rose to SR560.557 bln, an increase of SR57.9 billion compared to its levels in 2020, at SR502.657 bln, while the external debt rose to SR387.766 bln, as it posted SR36.9 bln, over the last year, as it was at SR350,859 bln..

As much as SR23.795 bln of internal debts against SR27.296 bln of external debts were borrowed, during the first 9-month of this year, bringing the total amount of financing the budget deficit, during the period, to R51.091 bln, noting that there was another SR51 bln, which was not used to finance the deficit, until the end of the third quarter, but it will be earmarked to pay off the budget deficit, during the remainder of the year, the ministry’s report elaborated.

Ministry of Finance revealed that the budget of the Kingdom of Saudi Arabia for the Q3 the Year 2021, indicating the volume of revenues at SR243.381 bln, and expenses amounted to SR236.697 bln, SR6.7 bln surplus..

Revenues for the first 9- month of this year amounted to SRSR696.248 bln, expenditures at SR701.62 bln and a deficit of SR5.373 billion, the ministry concluded.