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Saudi Arabia’s estimated budget for 2019 will be $294 billion, the kingdom’s Ministry of Finance said at a press conference on Sunday.
Saudi Arabia Minister of Finance Mohammed bin Abdullah Al-Jadaan said that the kingdom expects revenues of about $260 billion for next year, with 2019 expenditures to increase by 7 per cent from expected expenditure



for current year.
“The total 2019 budget estimate showing a 34 per cent decline compared to 2018, with expectations of a steady decline in the deficit until balancing out in 2023,” he said.
Al-Jadaan also said that a deficit of about $34 billion is expected in the 2019 budget, while revenue growth forecasts sit at 6 per cent annually until 2023.
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