Saudis Expect Oil Revenue to Increase 80% by 2023

The video discusses Saudi Arabia's fiscal balance program, focusing on oil and non-oil revenue projections up to 2023. It highlights the Kingdom's strategies to diversify income sources, including new taxes and fees, while acknowledging the continued dominance of oil revenue. The video also addresses potential risks, such as fluctuating oil prices, and the economic growth projections. Finally, it examines the implications for Vision 2030 and the public's response to economic reforms.

What is the assumed oil price per barrel for Saudi Arabia's 2023 budget?

• $100

• $50

• $60

• $75

Which new measure is Saudi Arabia introducing to increase non-oil revenue?

• Luxury tax

• Corporate tax

• Value added tax

• Income tax

What percentage of government revenue is expected to come from oil in 2023?

• 80%

• 70%

• 60%

• 50%

What is one of the main challenges for Vision 2030?

• Increasing oil production

• Raising non-oil revenue

• Cutting education spending

• Reducing foreign investments

What is a potential public reaction to the new fiscal measures?

• Widespread acceptance

• Increased foreign investment

• Public dissatisfaction

• Higher oil prices