Central Government Net Lending/borrowing (central Govt Fiscal Balance) for Saudi Arabia
SAUGCXCNLGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.44
Year-over-Year Change
-161.52%
Date Range
1/1/2000 - 1/1/2025
Summary
The Central Government Net Lending/borrowing (Central Govt Fiscal Balance) for Saudi Arabia measures the difference between the government's total revenue and total expenditure as a percentage of GDP. This metric is a key indicator of the government's fiscal position and ability to manage its finances.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents Saudi Arabia's government budget balance, which is a crucial indicator of the country's fiscal health and sustainability. Economists and policymakers closely monitor this metric to assess the government's fiscal policies, debt levels, and overall economic management.
Methodology
The data is calculated by the International Monetary Fund (IMF) based on official government finance statistics.
Historical Context
The Central Government Net Lending/borrowing is used by analysts, investors, and international organizations to evaluate Saudi Arabia's economic and political stability, as well as the effectiveness of its fiscal policies.
Key Facts
- Saudi Arabia's fiscal balance has been in deficit since 2014 due to lower oil revenues.
- The government has implemented austerity measures and economic reforms to reduce the fiscal deficit.
- Improving the fiscal balance is a key priority for Saudi Arabia's economic diversification plans.
FAQs
Q: What does this economic trend measure?
A: The Central Government Net Lending/borrowing (Central Govt Fiscal Balance) for Saudi Arabia measures the difference between the government's total revenue and total expenditure as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of Saudi Arabia's fiscal health and the government's ability to manage its finances, which is important for assessing the country's economic and political stability.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund (IMF) based on official government finance statistics.
Q: How is this trend used in economic policy?
A: Analysts, investors, and international organizations use the Central Government Net Lending/borrowing to evaluate Saudi Arabia's fiscal policies, debt levels, and overall economic management.
Q: Are there update delays or limitations?
A: The data is subject to the availability of official government finance statistics, which may have some delay in reporting.
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Citation
U.S. Federal Reserve, Central Government Net Lending/borrowing (Central Govt Fiscal Balance) for Saudi Arabia (SAUGCXCNLGDPGDPPT), retrieved from FRED.