• About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In
USSBCUSSBC
  • About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In
  • September 30, 2021
  • News Bulletin

Saudi Arabia Releases 2021 Pre-Budget Statement

Saudi Arabia’s revenues are expected to reach $240.8 billion in 2022, according to a pre-budget statement released by the Ministry of Finance. The forecast further projects expenditures to reach $254.6 billion, totaling a budget deficit of $13.8 billion. For 2021, total revenues are projected to reach $248 billion while expenditures stand at $270.6 billion, for a budget deficit of $22.66 billion. The Kingdom projects it will post a budget surplus of $7.2 billion in 2023, the first time it will do so since 2013, which will increase to $11.2 billion in 2024. The statement attributed factors such as rising oil prices, post-pandemic economic stabilization, and the improvement of global supply chains to the positive outlook. The Kingdom not only envisions the recovery of most economic activities, but also expects certain sectors to surpass pre-pandemic levels.  

Share:

Lifestyle Corner: Tabuk Summer Festival 2025 – a Blend of Tradition and Modernity

Monthly Review: U.S.-Saudi Business Deals (May 2025)

Silicon Valley Delegation Visits Riyadh to Identify Joint Venture Partners

Saudi-U.S. Investment Forum 2025 Marks a New Chapter in Bilateral Business and Investment

Never Miss a Beat on The Council Updates

Stay ahead with The Council’s latest news, insights, and event alerts.

Subscribe to Email Alerts

Get Unlimited Access to USSBC Reports

Discover timely, practical, and actionable information on business opportunities and emerging market trends.

Learn more and subscribe
PrevPreviousS&P Affirms Saudi Arabia’s A-/A-2 Credit Rating
NextSaudi FDI 2021 Update – October 2021Next

Contact Us

Please feel free to send us a quick message and we'll get back to you, as soon as possible!

Send Message

United States Office

U.S.-Saudi Business Council
8000 Towers Crescent Drive Suite: 1275
Box # 1729
Vienna, Virginia 22182

703-962-9300

info@ussaudi.org

Saudi Arabian Office

Riyadh, Olaya Towers, Tower B – 18th Floor Kingdom of Saudi Arabia

966-11-476-2697
966-11-474-2555
966-11-474-3555

ussaudibc@us-sabc.org

Follow USSBC

Stay informed on the latest trends, opportunities, and key developments in the U.S. and Saudi markets, including government reforms and trade insights.

SUBSCRIBE

© 2025 — U.S.-Saudi Arabian Business Council | Web Design by Advanced Technical Solutions

  • Home
  • Contact Us
  • Become a Member
  • Privacy Policy
Prev Next