Saudi Arabia Announces Record Budget for 2014

December 23, 2013

The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz today issued three royal decrees on the state's budget for Fiscal Year 1435/1436H (FY 2014).  Budget revenue and spending for 2014 were set at a record $228 billion (SR 855 billion).

The focus will be on infrastructure, education, health, social services, security services, municipal services, water and water treatment services, and roads and highways. Moreover, the budget gives particular emphasis to science and technology projects and e-government.

Expenditures on education and health and social affairs continued to receive the largest shares of the budget. The general budget allocations for major sectors are as follows: Education: SR 210 billion ($56 billion), representing 25 percent of FY 2014 total appropriations and an increase of 3 percent; health and social affairs: SR 108 billion ($28.8 billion, an increase of 8 percent; municipality services: SR 39 billion ($10.4 billion), an increase of 9 percent; infrastructure and transportation: SR 66.6 billion ($17.8 billion), an increase of 2.5 percent; and water, agriculture, industry, and other economic resources: SR 61 billion ($16. 3 billion), an increase of 5.7 percent.

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