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National Budget

Key Macroeconomic Indicators
  • Real GDP grew by 1.3 percent in 2023
  • A fiscal deficit of 3.5 percent of GDP is expected for 2024
  • Real GDP is expected to increase by 1.9 percent in 2024
  • Expenditure is based on an oil price of US$ 77.80 per barrel and a gas price of $3.59 per mmbtu
  • Total Revenue for the fiscal year 2025 is expected to be $54.224 billion. Expenditure for 2025 is expected to measure $59.741 billion
  • A fiscal deficit of $ 5.517 billion (2.91 percent GDP) is expected for 2025
  • Expected Revenue of $54.224 billion comprises oil revenue of $14.174 billion, non-oil revenue of $ 35.039 billion and capital revenue of $4.011 billion
  • The net asset value of the Heritage and Stabilisation Fund as of September 2024 is US$ 6.1 billion

Quest

EIU Monitor

August 2024
  • Volume 3 | Issue 3
 
May 2024
  • Volume 3 | Issue 2
 
February 2024
  • Volume 3 | Issue 1
 

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