Saudi Non-Oil Activities to Keep Growing: Alibrahim

The video discusses Saudi Arabia's budget deficit of 101 billion riyals, representing 2.3% of GDP, and plans to trim spending in 2025. It highlights the importance of long-term economic leadership and the shift towards a non-oil economy, with 52% of GDP now from non-oil sources. The video also addresses spending overshoot in 2024 and the implementation of fiscal rules to manage future spending. The overarching goal is to achieve sustainable, diversified economic growth, minimizing reliance on oil revenues and enhancing private sector dynamics.

What is the planned budget deficit for the next year as a percentage of GDP?

• 2.3%

• 4.0%

• 1.5%

• 3.5%

Why is a deficit between 2% and 3% considered beneficial for Saudi Arabia?

• It allows for increased oil production.

• It helps in reducing national debt.

• It supports investment in key economic sectors.

• It decreases inflation rates.

What measures are being taken to ensure spending does not exceed limits in 2025?

• Increasing oil exports

• Reducing taxes

• Implementing stricter fiscal rules

• Cutting public sector jobs

What percentage of the Saudi economy is now derived from non-oil sources?

• 55%

• 52%

• 50%

• 47%

What is the main goal of Vision 2030 for the Saudi economy?

• To reduce foreign investments

• To minimize the impact of oil prices on economic growth

• To focus solely on public sector growth

• To increase oil dependency