17, Jan 2020, EST.

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Country or Region: Saudi Arabia › Change country
Economic Indicator: General government revenue (National Currency) › See all Saudi Arabia indicators, › See General government revenue (National Currency) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Saudi Riyal
Currency Symbol: SAR

Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities. Source: Ministry of Finance or Treasury Latest actual data: 2015 Fiscal assumptions: IMF staff projections of oil revenues are based on WEO baseline oil prices. On the expenditure side, wage bill estimates incorporate 13th-month pay awards every three years in accordance with the lunar calendar. Expenditure projections take the 2016 budget as a starting point and assume that, to adjust to lower oil prices, capital spending continues to fall as a percentage of GDP over the medium term. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 1986 Basis of recording: Cash General government includes: Central Government;. The country team submits Central Government data, not General Government. Valuation of public debt: Nominal value Pr

General government revenue (National Currency) for Saudi Arabia is SAR 602.91 Billions. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

In the previous year, 2014, General government revenue (National Currency) for Saudi Arabia was SAR 1,044.40 Billions General government revenue (National Currency) for Saudi Arabia in 2015 was or will be 42.27% less than it was or will be in 2014.

In the following or forecasted year, 2016, General government revenue (National Currency) for Saudi Arabia was or will be SAR 545.99 Billions, which is 9.44% more than the 2015 figure.