Saudi budget surplus is calculated on $76 for brent price

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Government: Saudi Research and Marketing Group

Saudi budget surplus is calculated on $76 for brent price

RIYADH: Based on the government budget figures, Al-Rajhi Capital assessed the government's 2023 budgeted revenues to likely be based on Brent at $76 per barrel. Real GDP growth is forecasted to increase by nearly eight percent year-on-year in 2022 and 3.1 percent year-on-year in 2023, according to Al-Rajhi Capital. Inflation is expected to be 2.6 percent and 2.1 percent in