Budget surplus is expected to reach SR 493 billion in 2012 with total revenue of SR 1.24 trillion and spending of SR 746 billion, the Saudi daily (Arab New) reported Saturday, citing a report by Al-Rajhi Capital. It expects the surplus to shrink to SR 220 billion in 2013. However, surplus is expected to rise slightly to SR 232 billion in 2014.
Trade balance is expected to reach SR 944 billion (40 percent of GDP) in 2012 which will decline to SR 669 billion (28 percent of GDP) in 2013. However, it is expected to remain flat in 2014 at SR 678 billion (27 percent of GDP). Similar trend is expected in current account balance as it will peak in 2012 at SR 609 billion (26 percent of GDP) to decline to SR 329 billion (14 percent of GDP) in 2013 and SR 328 billion (13 percent of GDP) in 2014.