Government Budget

This section will provide an overview of Saudi Arabia’s most essential budget items by familiarizing you with the budget statements of Saudi Arabia, presented by the Ministry of Finance, ensuring that all data budgets, government performance indicators, means of government revenue and capital expenditures per Vision 2030.

The economic and financial prospects of Saudi Arabia, along with its prominent developments are presented in each fiscal year through announcing the annual budget estimates and projections, including revenues, expenditures, gross domestic product (GDP), and comparing the deficit and surplus. The MoF sets the policies for Saudi Arabia’s budget with complete transparency within the international standards, announcing its challenges for the upcoming years and keeping pace with the economic changes in raising the GDP and reducing Saudi Arabia’s dependence on oil products.

Saudi Arabia’s Budget Statement

The MoF presents Saudi’s annual budget and prepares quarterly reports, citizen’s reports, performance reports, etc, which reinforces transparency and allows everyone to read the budget’s data. Moreover, the government makes the Government Performance Indicators (GPI) available, as well as the budget of each ministry on its website.


Saudi Arabia has oil and nonoil revenues, in addition to zakat and taxes.


Saudi Arabia spends its budget on operating expenses, such as employee compensations, stimulating the private sector, Vision 2030 programs, and social benefits along with capital expenditure for development and economic growth.

Transparency in Government Spending

Saudi Arabia's budget is linked to realizing Saudi Vision 2030 objectives and goals. The MoF is required to highlight the transparency of its preparation and budgets to ensure sustainability to fulfill the nation's aspirations.Saudi Arabia's budget is subject to legislative and regulatory scrutiny and is based on the regime.

The Basic Statute of Governance and the annual laws for budget approvals require all government entities to apply the principles of budgetary governance:

  1. Transparent, credible and predictable limits for fiscal policy.
  2. Align with Vision 2030 and other national strategic plans and priorities.
  3. Inclusive and participative debate on budget planning.
  4. Budget documents and data are open, transparent and accessible.
  5. A comprehensive, accurate and reliable account of the public finances.
  6. Actively plan, manage and monitor budget execution.
  7. Performance, evaluation and value for money are integral to the budget process.
  8. Identify, assess and manage prudently longer-term sustainability and other fiscal risks.

To ensure government spending transparency, each entity must submit quarterly and annual reports to the MoF. Following the reports of the government entities, the MoF is legally obliged to publish quarterly financial performance reports on the execution of the budget, along with final annual account summaries in the detailed annual reports of expenses and revenues.Also, the Etimad platform plays a significant role in increasing transparency and raising the efficiency of expenditure for its users, such as government and supervisory entities, contractors, suppliers, vendors, etc. All government entities are obliged to use the platform for procurements of services, goods, works, and payments.

Budget Cycle


The budget preparation stages start from the end of December of the last fiscal year to January. By the beginning of February, the main trends of the budget are determined. From mid-March, the budget is subject to initial review and analysis until the end of April. It is then discussed and reviewed from May until the end of August.The budget preparation is subject to a number of specific rules, namely, commitment to the annual period and submission of estimates, where resources and expenses are general. The budget requires revenues to be equal to expenses taking into account tabulating and analyzing changes. The budget must also determine an expenditure limit in addition to presenting a standard budget that includes all expenditures and revenues in one statement.Preparing the budget requires the availability of financial and economic competencies combined with knowledge and technical skills, strategic thinking and leadership, a deep understanding of policies and regulations, and advanced financial analysis capabilities.


Budget approval goes through three stages: starting from initial analysis throughout July, August and September, then final approval within October and November and finally, the official release in December.


The MoF adopts four tracks in the implementation of the budget:

  1. To announce the budget in order to disseminate its instructions
  2. To be implemented by a collection of its revenues and commitment to its expenses and provisions
  3. To estimate its quarterly performance
  4. To prepare the final account where entities submit their accounts at the end of the fiscal year.

Automation programs, such as the digital platform (Etimad), ensure the preparation and implementation of the budget expenditure models, budget preparation and implementation system, business intelligence system, data governance and management enhancement program.Communication with government entities is being carried out through introductory workshops, budget forum and the media plan for the budget, and releasing the activating roles of supporting bodies.The Etimad platform plays a role in increasing transparency and raising the efficiency of expenditure for its users, such as government and supervisory entities, contractors, suppliers, vendors, etc.

2023 Budget

The Council of Ministers approved the Annual Budget for the fiscal year 2023, with a total approved expenditure of SAR 1,114 billion, estimated revenues of SAR 1,130 billion and an estimated surplus of SAR 16 billion (0.4%of GDP).

Budget 2023 supports the continuation of fiscal sustainability and focuses on completing the process of economic and structural reforms aimed at strengthening Saudi Arabia's fiscal position, enhancing the economy's resilience, and keeping pace with rapid global changes. In addition, it continues to implement programs and projects that support growth, expand the economy, and achieve inclusive development.

Over the past years, the government has succeeded in achieving the main objective of fiscal reforms in its first phase the “Fiscal Balance Program", which was aimed at controlling high deficit rates to reach medium-term fiscal balance. While the second phase of fiscal reform the “Fiscal Sustainability Program”, which also focuses on developing sustainable fiscal indicators and policies in the medium- and long-term. This is delivered through stable spending levels directed towards strategic expenditure that supports structural change of the economy. This will achieve the objectives of Saudi Vision 2030 and is within a framework that ensures maintaining sufficient levels of reserves and sustainable amounts of public debt.

For the next year and in the medium term, the budget is aimed at continuing to implement giga projects and previously announced initiatives, such as the National Transformation Program, National Industrial Development and Logistic Program, Quality of Life, Pilgrim Experience Program, and Saudi Green Initiative, and other programs, initiatives, and projects that will bring about positive structural changes that promote the improvement in the economic base and the quality of life for citizens and residents and of the services provided to them. The budget also aims to raise the contribution of investment to GDP, enhance the investment environment, and build investors' trust in the economy through providing investment enablers and incentives, and promoting transparency.

The government's determination is to continue its efforts in raising spending efficiency and fiscal control, as it aims to achieve comprehensive development at regional and sectoral levels and develop promising sectors that contribute to achieving economic and social returns in the medium- and long-term, as well as localizing military industries, as Saudi Arabia continues to implement programs and initiatives of the social support and protection system. Preliminary estimates for 2023 indicate the growth of real GDP at a rate of 3.1%.

The economic and fiscal reforms that Saudi Arabia implemented continue to drive growth despite the challenges and crises facing the world's economies, which affect the future growth of the global economy and its future prospects, such as the food crisis, inflation, supply chain disruption and geopolitical conditions. 

Additionally, the government's proactive steps in mitigating the economic and social impacts of these crises, as well as the economic and fiscal reform packages, which have been balancing between increased spending, fiscal stability, and sustainability that support economic recovery. This is in addition to implementing strategic projects, increasing social protection programs, and supporting strategic stocks of basic materials while accelerating the implementation of some programs and projects to advance the realization of Saudi Vision 2030. Also, the budget's projection for inflation will fall to 2.1% for 2023 and is expected to stay at normal levels in the medium term.

Moving forward, the partnership between government entities has contributed to many reforms in preparing the annual budget and raising the quality of its implementation. Moreover, partnership with the private sector has enhanced opportunities to enable it to be the main driver of economic growth and the largest contributor to creating jobs for citizens.

The balance of the public debt is expected to reach SAR 951 billion (24.6% of GDP) in 2023, compared to SAR 985 billion (24.9% of GDP) in 2022, noting that it is expected that local and external borrowing will continue to repay the outstanding debt in 2023 and over the medium term. Moreover, available opportunities will be seized according to market conditions to proactively implement additional financing for the principal debt over the coming years. This is in addition to financing some strategic projects and exploiting market opportunities to implement alternative government financing to finance the transformational spending of capital projects and infrastructure.
Also, the balance of government reserves is estimated to reach SAR 399 billion by the end of 2023, as a result of strengthening reserves with a portion of the expected surpluses to maintain safe levels of government reserves to enhance the government's fiscal position and its ability to deal with external shocks.

Key Fiscal Targets for FY 2023

Saudi Arabia’s government aims to continue the process of economic and fiscal reforms that it conducted under the umbrella of Vision 2030 and maintaining fiscal sustainability. These reforms include adopting fiscal policies that contribute to maintaining fiscal sustainability, improving public financial management, and raising the quality of fiscal planning to enhance economic growth and the most efficient use of resources. The fiscal policy in the medium-term also aims to strengthen Saudi Arabia’s financial position to encounter external shocks through maintaining government reserves at appropriate levels and the sustainability of public debt indicators.

In this context, the budget for FY 2023 reflects progress in implementing programs and projects supporting economic growth and diversification, improving public services, and strengthening programs for social benefits and subsidies schemes, all while preserving the gains made in previous years on the public finances front. The FY 2023 Budget is projected to achieve a surplus of around 0.2% of GDP, with the expectation that budget surpluses will continue to be achieved in the medium-term, which will strengthen fiscal sustainability. It is worth noting that the amounts of budget surpluses will be directed to bolstering government reserves, supporting the national funds, considering the possibility of accelerating the implementation of some strategic programs and projects of economic and social dimensions, as well as partially repaying the debt based on market conditions; this is within the budget surpluses’ utilization mechanism under the FSP.


Within the framework that Saudi Arabia’s government is executing towards strengthening public finances and achieving developmental and economic objectives, the estimates of expenditure ceilings over the medium-term are continuously reviewed and updated according to the results of the fiscal reforms and economic developments. In view of the increase in non-oil revenues that Saudi Arabia’s economy is witnessing and its positive impact on the fiscal space, expenditure ceilings were reviewed upward over the medium-term to reflect the rise in structural revenues without affecting the achievement of the fiscal sustainability objectives while enabling the acceleration of the implementation of regional and sectoral strategies.

The Government is moving forward with the process of economic and structural reforms aimed at enhancing economic growth and fiscal sustainability, through raising the efficiency and effectiveness of spending and fiscal discipline, taking into consideration the economic conditions the world is witnessing at all levels. The government places great importance on the social support and protection schemes to assure and protect citizens from being affected by domestic and global ramifications. The government is also keen to continue empowering the private sector and stimulating the investment environment in Saudi Arabia, in addition to implementing the mega projects and programs to achieve the objectives of Saudi Arabia’s Vision 2030 and have an economic and social dimensions and impact. This will also positively contribute to achieving higher economic growth in the coming year and over the medium-term. Total expenditures are projected to reach around SAR 1,114 bn in the coming FY 2023, and are estimated to reach around SAR 1,134 bn in 2025.

Sectoral Performance

Expenditure is expected to increase by the end of the current fiscal year on the municipal services sector by about 58.8% to reach SAR 61 billion compared to the same period last year, as a result of the increase in spending on projects for rainwater drainage stations and networks; warding off the dangers of floods; as well as addressing visual defacement in vital locations; in addition to the development, equipping and establishment of gardens, municipal squares and green spaces; and increasing spending on service construction, including the construction of squares, parks, railways and train stations. It should also be noted that spending on the military sector and general items increased by about 21.4% and 13.0%, respectively, compared to FY 2021, while spending on the infrastructure and transportation sector is expected to decrease by about 8.8% compared to the previous FY 2021.

Sector Actual 2021 Budget 2022 Estimates 2022 Annual Change* (Actual 2021 - Estimates2022
Public Administration 34 32 36 4.0%
Military 202 171 245 21.4%
Security and military areas 106 101 110 3.0%
Municipal services 39 50 61 58.8%
Education 192 185 195 1.8%
Health and social development 197 138 198 0.6%
Economic resources 71 54 75 4.8%
Infrastructure and transportation 51 42 47 -8.8%
General terms 147 182 166 13.0%
Total 1,039 955 1,132 9.0%

Expenditures by Sector in the Budget for FY 2023 

Below is a list of the most notable programs and projects to which expenditures will be directed in each sector.

Economic Resources Sector
Sector Allocation in FY2023Budget SAR 72 billion
Key Projects Planned for FY 2023
Scope Objective
Environment, Water and Agriculture

Increasing the percentage of drinking water coverage for the population to 88.7% increasing the percentage of sanitation service coverage for the population to 65.5%, and increasing the average daily pumping hours for the serviced neighborhoods by 21.5 hours by the end of FY 2023.

Achieving food security by increasing annual lending to finance the credit portfolio for FY 2023 with SAR 6.5 billion, supporting sustainable rural agricultural development with SAR 500-600 million according to the comparative advantages of the regions.

Construction of 33 dams with a storage capacity of 507 million m3, in addition to drilling 19 wells in various regions of Saudi Arabia to increase the coverage of water supplies to remote areas by 36 thousand m 3 per day.

Establishment of the regional center for climate change in Jeddah, and the establishment of the regional center for early warning of dust and sandstorms.

For more information about the budget of the Environment and Agriculture sector, click here.


Developing and posting 10 renewable energy projects with an estimated capacity of 7 gigawatts to provide commercial opportunities and enhance the efforts of localization programs and local content.

Implementing the national strategy for petrochemicals to convert 4 million barrels per day of petroleum and gas liquids into petrochemicals inside and outside Saudi Arabia.

Reducing the consumption of diesel fuel in the production of electric power by 5,062 barrels and connecting its users to the electrical grid.

Enhancing Saudi Arabia's electrical interconnection with countries and the trade exchange of electricity to maximize the benefit from Saudi Arabia's strategic location to be a global center for interconnection and export of electric power.

For more information about the budget of the Energy sector, click here.


Building a disaster recovery center to restore services and business (Disaster Recovery Site) to ensure business continuity and avoid disasters that lead to disruption of the entity's operations and customer service problems.

Expanding the geographical coverage of commercial attaches to develop trade exchange, enhancing the role of the private sector in international trade through the Saudi foreign business councils, introducing representatives of counterpart countries to the climate and trade opportunities, and overcoming trade obstacles.

Automation of price monitoring and supply stock follow-up in order to monitor the price movement of commodities and control stock provision.

For more information about the budget of the commerce sector, click here.

Industry and Mineral Resources

Localizing qualitative industries in 10 sectors, including the automotive industry, marine industries, medical and pharmaceutical industries, by activating the National Strategy for Industry.

Attracting qualitative industrial investments to the cities of the Royal Commission for Jubail and Yanbu, with investments estimated at SAR 24.8 billion, and providing approximately 7,200 job opportunities. The development of industrial sites for the Royal Commission with an area of about 8 million m 2 to attract industrial investments.

Establishing 105 ready and functioning factories in the Jazan Industrial City, Qassim Industrial Oasis, and Dammam Second Industrial City, to complete the infrastructure services of the industrial cities, and increase the percentage of investment opportunities for factory owners.

Supporting promising industries by developing 44 promising investment opportunities in the machinery and equipment sector, to increase the size of local industry and reduce the volume of imports.

Supporting the basic supply chains of the aviation industry by developing 10 promising investment opportunities to bring about highly advanced industries and transfer knowledge in the aviation industry to Saudi Arabia.

Registering the trademark for the phrase "Made in Saudi" in the Gulf Cooperation Council (GCC) and the identified regional, Islamic and global countries to enhance the international presence.


Achieving 834 thousand jobs in the tourism sector by enabling the growth of the tourism sector that is directed at the local and international tourists, as it contributes to reducing unemployment rates and creating new job tracks and professions in the labor market, with approximately 1.6 million tourism jobs, as defined in the National Strategy for Tourism.

Achieving 5.2% as a percentage of the tourism sector’s contribution to Saudi Arabia’s GDP, emanating from the National Strategy for Tourism, by enabling the growth of the tourism sector that is directed at local and international tourists.


Infrastructure and Transportation Sector
Sector Allocation in FY2023Budget SAR 34 billion
Key Projects Planned for FY 2023
Scope Objective

Launching 12 platforms to enhance the quality and competitiveness of logistics services and raise the efficiency of the movement of goods. 
Increasing freight capacity through railways to reach 12.8 million tons and 800 thousand equivalent units to reduce the cost and duration of transportation, develop the industrial sector, raise quality and safety, link the various cities and ports of Saudi Arabia, and reduce carbon emissions. 
Reducing carbon emissions resulting from land transportation means, and that through the movement of trains at a rate of 36 thousand tons, which are environmentally friendly because of their contribution to reducing emissions. 
Providing jobs and developing human capabilities in the railway transport sector, at various job levels to reach a percentage of 86%. 

Housing Serving more than 120 thousand families as they benefit from all the housing options and solutions that the Sakani Program provides.
Communications and Information Technology

Increasing the percentage of coverage of optical fibers for homes in all regions of Saudi Arabia from 61% to 64%, as well as raising the percentage of mobile broadband coverage (4G) from 97.3% to 99% in FY 2023, compared to FY 2022.

Increasing the capacity of data centers and cloud services from 98.12 megawatts in Q3 of FY 2022 to 150 megawatts by the end of FY 2023.

Providing 40 thousand qualitative training opportunities for national cadres, within the Future Skills Initiative to develop digital skills by the end of FY 2023.

Education Sector
Sector Allocation in FY2023 Budget SAR 189 billion
Key Projects Planned for FY 2023
Scope Objective

Saudi Arabia ranked 35th in the world out of 191 countries in the Human Development Index in the United Nations' Development Program Report for 2022. The accreditation of Yanbu Industrial City within the global network of learning cities among 9 Arab cities, and 294 cities around the world. 

Saudi Arabia's male and female teachers won two international awards in the category of Microsoft Experts for Creative Learning, and another award for the Microsoft Schools category, at the Global Experience Exchange Conference 2022. 

Launching the Nourah Sports Portal to qualify women's sports teams and clubs and to promote local and international participation. 

Building 71 modern schools and educational complexes that include 1,634 classrooms with a capacity of 50 thousand male and female students in Jeddah within 50 days. 

Launching the fourth phase of the Custodian of the Two Holy Mosques’ External Scholarship Program with qualitative and vital disciplines in line with the needs of the labor market, as the number of beneficiaries reached 2,328 male and female students to date. 

For more information about the Education sector, click here.

Municipal Services Sector
Sector Allocation in FY2023 Budget SAR 63 billion
Key Projects Planned for FY 2023
Scope Objective



Completing the third phase of the Investment Infrastructure Development Strategy by establishing 5 new companies as investment arms for municipalities, with the aim of enhancing the utilization of municipal assets and improving the quality of services provided. 

Developing and updating local and regional lots, preparing urban codes for 5 regions and 45 governorates, and establishing design studios for urban codes in municipalities. 

Finishing Preparation and Development of a comprehensive strategic plan for the paths of valleys and torrents within urban areas in all cities and governorates of Saudi Arabia. 

For more information about the Municipal sector, click here.

Public Administration Sector
Sector Allocation in FY2023 Budget SAR 32 billion
Key Projects Planned for FY 2023
Scope Objective

Organizing and holding the annual judicial conference and launching the “Real Estate Market” Platform for trading and registering real estate properties with the aim of enhancing the real estate market in Saudi Arabia. 

Launching and activating the objection to traffic violations in the courts, as part of the issued and transformational strategic objectives in consolidating the principles and concepts of judicial stability and independence in Saudi Arabia. 

Launching the judicial legislation platform to enable all members of society, whether they are beneficiaries or specialists (judges and lawyers), to view judicial legislation and its updates from a reliable source from the Ministry of Justice. 

For more information about the Justice sector, click here.

Health and Social Development Sector
Sector Allocation in FY2023 Budget SAR 189 billion
Key Projects Planned for FY 2023
Scope Objective

Expanding the services of virtual clinic, as the number of beneficiaries reached 4.5 million by the end of the Q2 of 2022. 
Operating the first 20 specialized clinics in medical rehabilitation services and linking them to the "Mawid" System in the regions and communities, with the aim of facilitating access to the service and improving the quality of services. 

Adopting the start of the vaccination program with the Papillomavirus Vaccine within the school stages (first grade of middle school), and training 3,347 health counselors thus far on health awareness about the Papillomavirus using approved educational materials in 22 directorates and health clusters.

Opening 13 smoking cessation clinics within the prisons without smoking project, in cooperation with the General Directorate of Prisons. The rate of immunization against the "COVID-19" virus has reached about 86% for first doses at 26 million doses, 81% for second doses at about 24 million doses, and 40% for booster doses at 12 million doses. 

Activating dental services for health care patients and activating it in 9 regions and serving 3,996 beneficiaries. 

For more information about the Health sector, click here.


Holding the Saudi Sports for All Federation's Expo (SFA - EXPO) and raising Saudi Arabia's participation in regional and international sporting events.

An initiative to empower and encourage the private sector to contribute to the development of the sports sector, through the transfer of knowledge and training to increase investment knowledge in the sports field.

Human Resources

Localization of more than 11 activities and professions in a number of sectors to raise the quality of workers in them, promote the growth of the local labor market and increase job opportunities for citizens.

Launching the Localization Program - the second phase - to increase job opportunities for citizens by providing 170 thousand jobs.

Signing a professional examination agreement to regulate the recruitment of non-Saudi workers, regulate the contractual relationship, and contribute to Saudi Arabia's ranking in the global competitiveness level.

For more information about the Human Resources sector, click here.

The Mega Projects

The NEOM Project

The project is a future global center for trade, innovation and knowledge to enable leading companies to change the future of sectors such as energy, transportation and other future sectors. The NEOM project extends in the northwest of Saudi Arabia and aspires to be a leading city in clean energy, a leading growth engine, and an attractive place to live and work.
The NEOM project will also achieve three main goals under the umbrella of Saudi Arabia’s Vision 2030, which are to achieve exceptional living, a flourishing business environment, and the reinvention of the concept of sustainability. Moreover, the “The Line” project was launched, which is considered a revolution in urban life, as it puts the human element at the top of its priorities by giving people an unprecedented urban living experience while preserving the nature around them. The Line will redefine the concept of urban development and what cities should look like in the future. The Line will be 200 m wide, 170 km long and 500 m above sea level.

The Red Sea Project

The Red Sea, the most ambitious luxury tourism and hospitality destination, is being developed around one of the world’s hidden treasures of nature. It is one of the mega projects of which the Public Investment Fund (PIF) has full ownership. It should be noted that the Red Sea Project will introduce new standards in renewable tourism and sustainable development, and will create unique tourism experiences. The project extends over an area of 28 thousand km2 and includes a number of historical cultural and heritage monuments.
This destination will be powered by an off-grid, renewable energy system; and it will contribute directly to achieving the goals of Saudi Vision 2030, as it works to highlight Saudi Arabia’s abundant capabilities and create new economic, cultural and social opportunities.

The Qiddiya Project

It is one of the PIF’s projects inspired by Saudi Arabia’s vision 2030, and it is the future capital of entertainment, sports, culture and the arts, as it will become a unique global destination that offers innovative and immersive experiences in the fields of entertainment, sports, culture and the arts, near the capital Riyadh. It will extend over an area of 367 million square meters, designed around five components: parks; attractions; sports, transportation and movement; culture and arts; and nature and the environment. Qiddiya seeks to achieve dual economic and social goals, which is to advance the process of economic diversification in the Kingdom.

The Green Riyadh Project

The Green Riyadh Program is one of the largest urban afforestation projects in the world. The project aims to plant more than 7.5 million trees to raise the per capita share of green space in the city of Riyadh, from 1.7 m2 to 28 m2 , an increase that is equivalent to 16 times. It also aims to increase the percentage of total green spaces in the city from 1.5% to 9%, which contributes to improving the quality of life and raising the sustainability and ranking of the city of Riyadh among its counterparts in the cities of the world.

The Green Riyadh Program aims to elevate the urban architectural environment of the city of Riyadh, through the rehabilitation and afforestation of main roads, the development of new major parks in the city, and the rehabilitation of valleys and their tributaries. The planting that the program is implementing covers 120 neighborhoods in Riyadh, including creating 3,331 new parks; planting trees to line streets, the vicinity of mosques and schools; planting to line car parks; and constructing sidewalks to provide shaded walking paths that stimulate healthy movement modes among the city’s residents, and enhance accessibility between the neighborhood elements and the public transport network, which enhances the social, sports, and picnic aspects for the residents of Riyadh. The Green Riyadh Program contributes to reducing temperatures by 1.5 to 2 degrees celsius at the city level, and by approximately 8 degrees celsius within the areas of intensive greenery, in addition to improving air quality by lowering carbon dioxide by rates ranging between 3% and 6%; increasing the percentage of oxygen and humidity; and reducing dust in the air; contributing to reducing the consumption of energy; and increasing the city’s ability to absorb and utilize rainwater as well as reduce its effects. The program will also contribute to the recycling of renewable water from treated wastewater to be used for irrigation purposes by the percentage of 100% through the establishment of new networks in the city.

The King Salman Park Project

The project strategy was launched in 2019, and it aims to provide a vibrant experience for the residents of the city of Riyadh by providing a variety of environmental, cultural, sports, artistic and entertainment options, which contribute to achieving one of the most important objectives of Saudi Arabia’s Vision 2030, through creating a vibrant community whose members enjoy a healthy lifestyle, and a setting that provides the opportunity of living in an attractive and happy environment. The project also aims to raise Riyadh’s ranking globally.

The project is located in a pivotal location in the city of Riyadh, and the park’s area exceeds 16 km2 , making it the largest city park in the world. It offers a wide range of options and activities of a unique quality for the city’s residents and visitors, as it includes extended green areas; more than one million trees; open squares with an area of more than 11.6 km2 ; in addition to The Royal Art Complex; the National Theatre; a 7.2 km pedestrian circular path; the “Wadi” area in the middle of the park; and a group of water elements, landmarks, and artistic icons. The park will contribute significantly to increasing the vegetation cover in the region and raising the rate of per capita green spaces, which will have a direct and positive impact on the quality of the environment and the climate.

For the budget breakdown please click here.

Budget in Figures

The budgets of Saudi Arabia of Saudi Arabia for this year 2022 or for past years can be viewed in detail for all sectors via the MoF link here

Budget Performance Reports

The MoF is legally obliged to publish quarterly financial performance reports on the execution of the budget, along with final annual account summaries in the detailed annual reports of expenses and revenues.

This report provides detailed fiscal data covering performance during the specified quarter, including revenues, expenditures, it’s funding sources, and the change in public debt, In addition to government reserve and current account. Through the periodical publication of this report, budget deficit, MoF seeks to enhance transparency in accordance with financial disclosure standards.

The KSA Budget Performance Reports 2017-2023 are available on the following links:

Important links

Relevant Agencies