Saudi budget

Summary: Saudi Budget for 2018 continues the drive for economic reform. It projects a deficit of $52bn, the same as budgeted for 2017 and 15% lower than the outcome. Revenues projected to rise by 12%, expenditures by 6%. Government remains committed to balancing its budget over the medium term, and significantly increasing non-oil revenues. Huge expansion of administrative infrastructure envisaged for more robust budget planning and oversight.

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2 thoughts on “Saudi budget”

  1. The figure of 12.8% [and it is 12.8 not 12.7] refers only to Saudis. The Budget Statement says that data from the GaStat’s Labour Market Bulletin puts the ‘unemployment rate for Saudis’ at 12.8% at the end of the first half of 2017, compared to 12.3% at the end of 2016.

  2. I have been looking at ILO statistics on employment on KSA and elsewhere in the Arab world. For example the ILO’s most recent unemployment figure for KSA is 5.7% (for 2014 I believe). Mr Cunningham cites a figure of 12.7% for 2017 which seems far more plausible. I am wondering if Mr Cunningham knows whether or not the ILO stats include the ex-pat workforce. Is the 12.7% figures for Saudis only or the entire workforce?

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