Budget Car Rental: Saudi Arabia

Saudi Arabia's budget is a crucial aspect of its economic management. The country's budget is heavily dependent on oil revenues, with oil accounting for a significant portion of government income. As of 2021, Saudi Arabia's budget projected revenues of 849 billion riyals and expenditures of 990 billion riyals, resulting in a budget deficit. The government aims to diversify its revenue sources and reduce its reliance on oil income.

Despite efforts to diversify the economy, oil revenues still play a significant role in Saudi Arabia's budget. The country has implemented austerity measures, including subsidy cuts and new taxes, to address budget deficits caused by fluctuating oil prices. Saudi Arabia's Vision 2030 plan focuses on increasing non-oil revenue through economic reforms and investments in various sectors.

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