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Saudi budget 2024: $312.5bn income and $334bn spend

Saudi Arabia reviews budget plan for next financial year

Saudi riyadh jeddah pif
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Saudi Arabia has reviewed plans for the 2024 budget as it forecasts revenues of SR1.172tn ($312.5bn).

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud chaired the Cabinet session held in Riyadh on Wednesday, December 4 on the state’s general budget for the fiscal year 1445/1446 Hijri (2024).

The Cabinet reviewed the items of the budget and issued its decision regarding the state’s general budget for the fiscal year 1445/1446 Hijri (2024).

Saudi 2024 budget

The plans include:

  • Revenues are estimated at SR1.172tn ($312.5bn)
  • Expenditures to be at SR1.251tn ($334bn)
  • Deficit is estimated at SR79bn ($21bn)

The Custodian of the Two Holy Mosques directed the ministers and officials to actively commit to implementing the development and social programs and projects included in the budget.

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