Saudi Arabia: Spending its way to higher growth

Country Views
Saudi Arabia: Spending its way to higher growth
  • Saudi Arabia’s 2019 budget projects record spending, reaffirming the government’s policy of growth through fiscal expansion.
  • Despite diversifying sources of revenue (taxes, visa fees), the kingdom continues to rely on oil for 68% of its income.
  • Spending on the military is set lower than last year, but it is still larger as a percentage of total expenditure than that of China, the US and Russia.

Florence Eid-Oakden, Ph.D, Chief Economist

Charlene Rahall, Analyst

The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.

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