كم ميزانية السعودية لعام 2022 – 1443 , مما لا شك فيه أن هذا الموضوع من أهم وأفضل الموضوعات التي يمكن أن أتحدث عنها اليوم، حيث أنه موضوع شيق ويتناول نقاط حيوية، تخص كل فرد في المجتمع، وأتمنى من الله عز وجل أن يوفقني في عرض جميع النقاط والعناصر التي تتعلق بهذا الموضوع.
Many wondered how much Saudi Arabia’s budget for the year 2022 – 1443, which is one of the most prominent global economic powers, specifically after the recent amendments and reforms that affected all sectors of the Saudi labor and economy, where the Saudi Ministry of Finance made a set of accounts for the announcement of the state’s general budget and its announcement through the presidency of the Council The ministers, as that ministry confirmed that the ministry’s strategy, based on that budget, will study a number of plans that will achieve financial sustainability and other achievements that will be reflected on the Saudi street. Saudi economy for the year 2022.
Saudi Arabia
The Kingdom of Saudi Arabia is considered one of the most prominent countries in the Asian continent, and it is one of the huge economic countries that are classified among the economies of the twenty countries around the world, and it sponsored that summit in the year 2020 in the capital, Riyadh, and it is one of the leading countries in the world of energy, and Aramco is one of It is one of the world’s most powerful companies in this global field, as it is based on feeding energy in several regions in a number of continents, and the Saudi economy is based on the underground wealth, industry, agriculture and trade, in an encouraging atmosphere and climates that promote investment and attract foreign capital, based on its large geographical area, where It is located specifically in the southwest of Asia, and is based on forming the largest area of the Arabian Peninsula, and is the largest of the Gulf Cooperation Council countries.[1]
It is worth noting that the Ministry of Finance of the Government of the Kingdom of Saudi Arabia approves the annual budget of the state, as this budget is based on the development of plans, both in terms of construction, construction, reconstruction, economic growth and the level of citizen’s income, among others. The Ministry of Finance has announced the budget for the Gregorian year 2022. Which expected a large volume of revenues of up to 903 billion riyals amid a set of ambitions to achieve a surplus by the year 2023 AD, according to a set of large commercial plans and agreements that support this huge economic trend.
What is the date of the Saudi budget 1443
How much is Saudi Arabia’s budget for 2022 – 1443
The budget of the Kingdom of Saudi Arabia for the year 2022 was announced by the Ministry of Finance, with the revenue amounting to 1,045 billion Saudi riyals (278.6 billion US dollars), amid expenditures amounting to 955 billion Saudi riyals (254.6 billion dollars) and a surplus amount of up to 90 billion Saudi riyals. ($24 billion), which is a very excellent figure compared to the difficult economic conditions whose repercussions have affected all countries of the world due to the impact of the Corona virus, which led to a recession in all world markets, and actually led to a decrease in demand for the oil sector, which was reflected in the negatives On the Saudi economy, where many expected that the budget figures outside these standards would be lower than those announced, but the effective steps taken by the country’s government led to great positives that the Saudi street will touch at the beginning of the year, amid these good numbers, and the large surplus in 2022 budget.[2]
It is worth noting that the announcement was made after Saudi King Salman bin Abdulaziz issued the royal order that was based on the announcement of the state’s general budget for the year 2022 AD, after the Kingdom of Saudi Arabia overcame the economic effects of the global repercussions of the Corona nation, and continued its economic launch at all levels. To achieve Vision 2030, which was the actual result of economic and financial reforms that were relied upon in accordance with the standards of the Kingdom’s Vision 2030, which aim to diversify the Saudi economy and not rely on a unified source of income to stop the Kingdom’s dependence on the global oil market.
Details of the announcement of the budget of Saudi Arabia 2022
The official announcement made by His Majesty King Salman bin Abdulaziz regarding the Saudi state budget for the year 2022 included a number of criteria and important details that clarified the strengths that Saudi Arabia enjoys.
- “The value of Saudi Arabia’s revenues, according to the 2022 AD budget, amounted to 1045 billion Saudi riyals (worth 278.6 billion US dollars), and 955 billion Saudi riyals of expenditures (254.6 billion dollars).
- The amount of the financial surplus for the year 2022 was estimated, where the surplus is estimated at (90 billion Saudi riyals (which is a value of 24 billion US dollars).
- The budget for the year 2022 is the budget in which the Kingdom of Saudi Arabia records a financial surplus of a huge amount, after it had recorded numbers of deficit amounts since the year 2014 AD, where the amount of the deficit in the 2013 budget amounted to (206) billion Saudi riyals (which is the value of 54, 9 billion dollars).
- Forecasts reported by the Saudi Ministry of Finance in September of 2021 indicated that the 2022 budget will include a fiscal deficit of 52 billion Saudi riyals (worth $13.8 billion), before the budget is officially approved with this large surplus. .
- The Saudi state’s adoption of the budget for the year 2022 came after the Saudi economy recovered from the repercussions of the economic crisis and from the backgrounds and dependencies of the global market that were affected by the health issues of the Corona virus, and the continuation of the Kingdom’s economic launch, and to follow in the footsteps of economic reform and diversification of income sources according to Vision 2030.
- The value of expenditures is considered very low according to the 2022 budget compared to the previous budget in 2021, reaching 955 billion riyals (about 254.6 billion dollars), compared to the expenditures of the previous year (2021), which amounted to 1015 billion riyals (about 270 billion dollars).
- While the value of expected revenues in 2022 increased from the previous year, 2021, it will amount to 1,045 billion Saudi riyals (278.6 billion US dollars), up from 930 billion riyals (248 billion dollars) in 2021.
- Work has been done to reduce the amount available for expenditures while the Kingdom is working with deliberate plans to finance the economic transformation plan to other sectors that would support the national economy, including the entertainment sector, technology, tourism, artificial intelligence, investment, and others, in line with the vision of the year 2023.
- This budget came as a positive, stimulating and encouraging factor to attract foreign investments and the private sector to work in the Saudi domestic market after years of economic shutdown in front of these sectors.
Details of the new state revenue system in the Ministry of Finance 1443
The most prominent points of King Salman’s speech to announce the Saudi budget 2022
The Saudi street addressed King Salman bin Abdulaziz’s speech on the state’s general budget with the utmost admiration and interest. As these numbers surprised the Saudi street amid the economic stagnation the world is witnessing, the speech included important points, most notably:
- “With God’s help and success, we announce the budget for the next fiscal year after the Kingdom has overcome the economic effects, the exceptional stages of the Corona pandemic, and the continuation of the Kingdom’s economic launch, as a result of economic and financial reforms, in accordance with the Kingdom’s vision 2030, where we aim to pay attention to the security and health of citizens and residents, human development, and the continuity of Growth, economic diversification, and financial sustainability,” according to the official Saudi Press Agency.
- “We are determined, with God’s help, to continue implementing the structural economic initiatives and reforms to achieve the goals of the Kingdom of Saudi Arabia’s Vision 2030, continuous improvement in the quality of life, and optimal utilization of available resources.”
- “The general budget affirms our keenness to protect and enhance our gains, and it has directed the ministers and officials, each in its jurisdiction, to commit effectively to implementing the budget’s development and social programs and projects.”
- She stressed the need to follow up on developments in the health situation in light of the continuation of the pandemic and its repercussions on the health and economic conditions locally and internationally, and to provide the necessary allocations for the health sector to raise its efficiency and to provide vaccinations to citizens and residents.
- “Expenditures in this budget amount to 950 billion riyals ($254.5 billion), and revenues are estimated at 1045 billion riyals (278.5 billion dollars), with a surplus of up to 90 billion riyals ($24).”
- “We are determined to continue implementing economic initiatives and reforms to achieve the goals of the Kingdom’s Vision 2030, continuous improvement in quality of life, optimal utilization of available resources, and raising the level of transparency, efficiency and quality of government spending; To enhance growth and development rates, develop basic facilities and services for citizens and residents, develop the educational environment, and support housing plans.”
- “We will continue to work with all our resources and energies, foremost of which is the Saudi citizen, to achieve our goals with the help of God Almighty and our trust in Him.”
Inquiry about annual returns 1443 Saudi Ministry of Finance
History of the general budget of Saudi Arabia over the previous years
Within the article How much is Saudi Arabia’s budget for the year 2022 – 1443, it is necessary to go through previous budgets, as the budget of the Kingdom of Saudi Arabia ranged over the previous years with specific numbers, and it is based on them in measuring the rate of economic growth, and it was clarified in the following table:
Details of the budget for the year 2018 AD 2019 AD 2020 AD Budget 2021 AD Budget 2022 AD estimates 2023 AD Total revenue 906 billion Saudi riyals 927 billion Saudi riyals 782 billion Saudi riyals 849 billion Saudi riyals 968 billion Saudi riyals Total expenditures 1,079 billion Saudi riyals SAR 1,059 billion SAR 1,067 billion SAR 990 billion SAR 955 billion SAR 941 billion Budget deficit or surplus -174 billion SAR -133 billion SAR -294 billion SAR -141 billion SAR -52 billion SAR – SAR 27 billion as a percentage of GDP -5.9% -4.5% -11.2% -4.9% -1.6% 0.8 Public debt 560 billion SAR 678 billion SAR 854 billion SAR 937 billion SAR 989 billion SAR 989 billion Saudi as a percentage of GDP 19.0% 22.8% 32.5% 32.7% 31.3% 29.2%
How to register on the Saudi Ministry of Finance’s accreditation platform
The most prominent points of the Saudi budget for the second quarter and the first half
It is one of the important economic issues that analysts have addressed with great interest and hospitality, in comparison to economic growth in light of the global recession, and the most prominent of these points came as follows:
- The deficit in the second quarter amounted to a noticeable decrease of 38%, and it was recorded at (4.7 billion Saudi riyals).
- Oil revenues achieved a clear growth of 13% compared to the first quarter.
- The non-oil sectors achieved significant growth across all levels by 31% compared to the first quarter.
- The remarkable jumps in non-oil revenues were recorded, which were recorded by more than 200% in the second quarter compared to the same period.
- A significant increase was recorded in the Saudi oil revenues market by 38% in the second quarter on an annual basis, reaching an amount of (132 billion Saudi riyals).
- Non-oil revenues were approved in the first half of an amount of (204 billion Saudi riyals), which recorded a remarkable increase of (101%) compared to the same period.
- The increase in the value of the amounts allocated for expenditures on social benefits (41%) quarterly.
- An increase in the value of Saudi quarterly expenditures on social benefits as well (101%) compared to the same period.
- A remarkable increase was recorded in the value of the Kingdom’s capital expenditure by 47%, as it was recorded at an amount of 22 billion Saudi riyals in the second quarter.
- A noticeable decline in the percentage of financing the deficit from the external debt by an estimated (83%) in the second quarter compared to the first quarter.
- There was an increase in the public debt by 08% compared to the end of last year, as it amounted to 922 billion Saudi riyals.
Here we bring you to the end of the article in which we talked about how much Saudi Arabia’s budget for the year 2022-1443. The budget of the Kingdom of Saudi Arabia for both the second quarter and the first half.
خاتمة لموضوعنا كم ميزانية السعودية لعام 2022 – 1443 ,وفي نهاية الموضوع، أتمنى من الله تعالى أن أكون قد استطعت توضيح كافة الجوانب التي تتعلق بهذا الموضوع، وأن أكون قدمت معلومات مفيدة وقيمة.