A review of the 2020 budget and recent economic developments.
On 9 December 2019, the government of Saudi Arabia delivered its 2020 budget. At KPMG, we have closely examined this budget, providing our analyses and insights on the prospected economic impact.
With the 2020 budget, the government reinforces its commitment to the Vision 2030 programs, including economic diversification, increasing the share of non-oil revenues and achieving fiscal balance on the government expenditures.
Most notable findings of the 2020 budget are:
Please contact our Chief Economist, Dr. Hussain Abusaaq if you have any comments about our budget report.
Dr. Hussain Abusaaq
Chief Economist and Head of Research
T: + 966 (0) 553969697