Saudi Arabia Budget 2020

I think in the next few years saudi arabia could become more budget friendly with hostels the completion of the metro in riyadh and day tours more reasonably priced than they are now however in 2020 that is not the case. At kpmg we have closely examined this budget providing our analyses and insights on the prospected economic impact.

Saudi Arabia Is Going To Spend Billions In 2020 Amid A Budget Deficit

Saudi arabia announced a 102 trillion riyal 27200 billion budget for 2020 on monday a slight fall in spending that reversed three years of expenditure increases intended to spur growth.

Saudi arabia budget 2020. Well i will tell you now that saudi is not a budget destination at least not right now whilst it gets used to tourism. Saudi arabia on monday announced a 102 trillion riyal 27200 billion budget for 2020 a slight fall in spending that reversed three years of expenditure hikes aimed at spurring growth. Saudi arabia expects its budget deficit to widen to 187 billion riyals 4986 billion or 65 of gross domestic product gdp next year from a projected 131 billion riyals for this year or 4.

The kingdom of saudi arabia assumed the g20 presidency in december 2019 leading up to the leaders summit to be held in riyadh on 21 22 november 2020. For fy 2019 it is expected that the actual expenditures will reach sar 1048 billion and total actual revenues are expected to reach sar 917 billion. The 2020 budget indicates total expenditures of sar 1020 billion and sar 833 billion of projected revenuesthe 2020 budget deficit is projected to amount sar 187 billion 64 of gdp.

Saudi arabias 2020 budget will see an expenditure of 102 trillion riyals 272 billion compared to 105 trillion in 2019 and a revenue of 833 billion riyals in line with pre budget figures. At kpmg we have closely examined this budget providing our analyses and insights on the prospected economic impact. The external portal of the ministry of finance in the kingdom of saudi arabia.

9 december 2019 riyadh. G20 riyadh summit will be chaired by the saudi king salman bin abdulaziz. The release of saudi arabias 2020 budget highlights a methodical continuation of efficient spending while diversifying revenues through the implementation of non oil sector plans that were introduced in vision 2030 and its supporting vision realization programs vrp.

On 9 december 2019 the government of saudi arabia delivered its 2020 budget.

Saudi Arabia 2020 Budget Forecasts Spending At 272 Billion