Kingdom of Saudia Arabia Budget 2011

SaudiaArabis's 2011 budget serves as demonstration reflecting show's states prowess to stir up economic growth and reduced overspending. Recent budget unveils to be SAR 580 bln  of state expenditure, which is 7.4 % more than the last budget. Morever, KSA economy accounts for 45% of Gulf Area and 25% of MENA
However, despite spending last year, SA has been successful in reducing domestic debt by 26%. 
Revenues SAR 540 bln 2010  470 bln 2009
(based on conservative oil assumption $58/barrel of WTI & production of 8.7mbpd)
(Recorded surplus in 2010 SAR 108.5 bln due to higher oil prices estimate from 62$ to 79$)
Expenditure SAR 580 bln 2010 SAR 540 bln 2009
Education, Health, Training, Social Development accounts for 46% of budget.
Provision of SAR 250 bln Provision for financing on going projects
Public debt in 2010 reduced from SAR 225 to 167 bln
(Saudi debtis held by i-State Pension Fund ii-General organization for Social Insurance & Public Pension Agency
Reduction of debt has been due to Foreign Assets held by SAMA at SAR 1611 billion($434.7Bln)
Private Sector Real GDP growth 3.7% 2010 Private sector contributed 47.8% to real GDP
GDP 3.8% 2010
GDP  2010 SAR 1.63 trillion 2009 1.41 trillion
Current Account Balance trippled SAR 260.9 billion because of oil

As of 2010-"Oil Revenues rose to SAR 762.1 billion, up to 24.6%, while non oil revenues climbed 13.7% to SAR 124.2 Billion"