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Saudi Arabia's public debt climbs by $6.8bn due to surges in domestic debt

Saudi Arabia's public debt increased by SR25.5 billion ($6.8 billion) in the third quarter of this year โ€” reflecting a growth rate over the period of 2.8 percent. The total debt now stands at SR948.3 billion, the recent quarterly budget performance report revealed. The increase was almost solely due to the growth in domestic debt, which grew by SR25.3 billion to SR560.6
Saudi Arabia Pre Budget Statement Al Ahsa Al Kharj Khalij Times Gulf News

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Jump-starting tax collections

THE re-opening of most, if not all, economic sectors since the re-implementation of Covid-19 lockdown measures means that the upcoming Budget 2022 proposals would be a vital catalyst enabling our country to fulfill its international commitments as well as improve tax collection and raise tax revenue.
European Union Services Tax Disclosure Programme Tax Deduction Inland Revenue Board Coordinated Audit Review

Cabinet expresses hope of continued growth, development

King Salman, prime minister, chaired the Cabinet's meeting during which reviewed the Pre-Budget Statement for the Fiscal Year 2022, including the Fiscal and Economic Performance Report FY 2021, and the main fiscal objectives and economic indicators estimates for Fiscal Year 2022 over the medium term.
Ministry Of Foreign Affairs Saudi Arabia Asir Region Kingdom Of Saudi Arabia Sultanate Of Oman King Salman

Saudi's 2022 budget keeps focus on shrinking the deficit

DUBAI: Saudi Arabia has revised its forecast for this yearโ€™s budget deficit to 2.7 per cent of GDP from 4.9 per cent and is aiming for a further cut next year, its preliminary 2022 budget statement said, highlighting the governmentโ€™s tight grip on finances despite projected higher crude revenues.The largest Arab economy suffered a recession last year as...
Saudi Arabia United Arab Emirates Ar Riya Abu Dhabi Commercial Bank Ministry Of Finance Monica Malik

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