Saudi Budget Brief 2024

Reflections on the 2024 Budget and Economic Trends

The Saudi economy is undergoing significant change through comprehensive economic and fiscal reforms aimed at realizing the objectives of Saudi Vision 2030. The Kingdom’s efforts are concentrated on boosting strategic investments across essential sectors and regions to hasten project delivery, diversify the economy, and encourage sustainable practices.

KSA approved its SAR 1.172 trillion revenue budget for FY 2024 and the initial estimates for FY 2024 indicate a strong 4.4% growth of real GDP, supported by the growth of non-oil activities.

Insights is excited to share the Saudi Budget Brief 2024, which elaborates on the approved budget in terms of revenues, expenditures, surplus, debt, and reserve levels for FY 2024.

Insights is the fastest-growing Financial and Management Consultancy firm that, through its highly skilled team of qualified professionals with strong practical backgrounds, strives to provide the most tailored and best quality services in the following fields:

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Reflections on the 2024 Budget and Economic Trends

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