Saudi Arabia Announces Budget 2022, with a Focus on Service Improvement, Fiscal Sustainability and Private Sector Empowerment
His Excellency indicated that such policies have had a positive impact on the gradual recovery of the local economy showing a fast-paced growth in several areas.
- His Excellency indicated that such policies have had a positive impact on the gradual recovery of the local economy showing a fast-paced growth in several areas.
- Al-Jadaan stated that the budget estimates for the FY 2022 show that total revenues will reach SAR 1,045 billion, an increase of 12.4% compared to the projected revenues in 2021.
- Total expenditures are estimated at around SAR 955 billion, with SAR 90 billion in surplus (2.5% of GDP).
- The Minister of Finance highlighted that the Kingdom is witnessing ongoing economic growth supported by the economic enablers directed to the private sector.