5% is the value of the budget deficit for the first quarter of the target in 2021


The Saudi budget deficit during the first quarter was only 5.28% of the target during the current year, which is estimated at 140 billion riyals, as the deficit amounted to only 7 billion riyals, and the government expected a decrease in the budget deficit in 2021 by 52% on an annual basis, with estimates of the deficit of 140.94 billion riyals. , Compared to an actual deficit of 293.9 billion riyals during 2020, and the total public debt of the Kingdom (internal and external), according to the quarterly budget report, reached 901.36 billion riyals at the end of the first quarter of the fiscal year 2021, compared with its value of 853.52 billion riyals at the end of the fiscal year 2020, and it increased The level of internal debt increased by 2.2%, with an increase of 11.08 billion riyals over the end of last year, and the internal debt reached 513.74 billion riyals at the end of the first quarter of 2021, compared to 502.66 billion riyals at the end of 2020.

The first quarter of 2021 witnessed domestic debt issuances amounting to 13.79 billion riyals, while an original debt of 2.71 billion riyals was paid, with the final increase in the internal debt reaching 11.08 billion riyals during that period, and Saudi Arabia borrowed through external debt 36.77 billion riyals in the first 3 months of the year. In 2021, to increase by 10.48%, and the balance of external debt reached 387.63 billion riyals at the end of the first quarter of 2021, up from 350.86 billion riyals at the end of last year.

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