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Saudi Arabia, GDP and fiscal deficit
Saudi Arabia expects 2024 deficit to widen to 3% of GDP
Saudi Arabia estimates its 2024 fiscal deficit will widen to almost 3% of GDP, according to a government statement on Monday, as it increases spending to boost growth and meet the objectives of its Vision 2030 economic transformation plan.
Saudi Arabia Projected to Widen Fiscal Deficit for 2024 Amid Vision 2030 Economic Expansion
Saudi Arabia's 2024 fiscal deficit is expected to widen to 2.9% of GDP as spending increases to fuel growth and meet Vision 2030 objectives, despite lower oil prices. The government forecasts real GDP growth of 0.
Saudi Arabia expects deficit of 2.3 per cent of GDP for 2025
The Saudi Ministry of Finance announced Monday the Pre-Budget Statement for Fiscal Year 2025, which estimated a deficit of 2.3 per cent of Gross Domestic Product (GDP). The statement expected total expenditures to reach 1.
Oil-rich Saudi projects budget deficit through 2027
The Arab world’s biggest economy Saudi Arabia announced Monday it anticipates a budget deficit of 2.3 percent of GDP in 2025, projected to continue over the following two years. The Gulf kingdom is engaged in a years-long economic reform drive seeking to reduce its dependence on oil and boost its tourism and business sectors.
Saudi Arabia's oil move threatens Russia's budget amid tensions
Saudi Arabia is preparing to impact Russia's budget by announcing an increase in oil production. This move will likely lead to a drop in oil prices, an important element of the Russian budget. Saudi Arabia plans to abandon its price target for oil,
Saudi Arabia projects long-term deficit amid vision 2030 spending
ALBAWABA - Saudi Arabia, the Arab world's largest economy, has forecasted a budget deficit of 2.3% of GDP in 2025, with the shortfall expected to contin
Saudi Arabia Plans Spending Cuts as Lower Oil Curbs Ambition
Saudi Arabia plans to cut spending next year to contain a widening budget deficit as a decline in oil revenue runs up against the cost of multibillion-dollar infrastructure projects.
The Times of Israel on MSN
34m
Ending embargo, Saudi Arabia to send $60 million to Palestinian Authority – report
In apparent warming of ties, kingdom to give funds to cash-strapped Ramallah in four monthly payments, in arrangement struck ...
16h
Saudi Arabia Pledges to Send Funding for Palestinians
An expected cash infusion for the Palestinian Authority would signal renewed Saudi backing for Palestinian statehood and help ...
The News International
52m
Eight people flying to Saudi Arabia, Azerbaijan arrested by FIA at Karachi airport
KARACHI: At least eight passengers attempting to travel to Saudi Arabia and Azerbaijan via separate flights from Karachi were ...
الشرق الأوسط
2h
Saudi Arabia Launches Tech Talent Hub Initiative to Boost Digital Economy Growth
The Saudi Ministry of Communications and Information Technology has launched the Tech Talent Hub initiative in collaboration ...
Construction Week Online
2h
Saudi Arabia: Hyatt set to open 2 hotels in NEOM’s Jaumur
The two hotels, Park Hyatt Jaumur and Andaz Jaumur Marina, are slated to open in 2027. Saudi Arabia: Hyatt set to open 2 ...
Zawya
2h
Saudi Arabia, Kuwait sign MoU to step up cultural ties
The MOU focusses on exchange of knowhow over the organization of all cultural initiatives, with the objective of propelling ...
19h
Saudi Arabia and OPEC face challenges enforcing crude oil output cut quotas
Saudi Arabia, the de-facto leader of the Organization of the Petroleum Exporting Countries, is once again faced with a ...
3d
Saudi Arabia forms global alliance to push for Israeli-Palestinian two-state solution
Saudi Arabia has formed a global alliance to push for a two-state solution to the Israeli-Palestinian conflict, the country's ...
Zawya
49m
EFG Holding eyes opening regional headquarters in Saudi Arabia
EFG Holding is exploring investment opportunities in Gulf markets, particularly in activities related to offerings, brokerage ...
Dark Reading
2h
UAE, Saudi Arabia Become Plum Cyberattack Targets
Hacktivism-related DDoS attacks have risen 70% in the region, most often targeting the public sector, while stolen data and ...
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