The Saudi Ministry of Finance disclosed estimates of its budgets until 2025, showing positive trends and expectations of sustainable financial surpluses during the medium term.
The preliminary statement of the state’s general budget for the fiscal year 2023 expected total expenditures to reach about 1.11 billion riyals ($296 billion), and total revenues about 1.12 billion riyals ($298 billion), to achieve surpluses of around 9 billion riyals, representing 0.2 percent of GDP.
