The Ministry of Finance issued today the following press release on Recent Economic Developments and Highlights of Fiscal Years 1436/1437 (2015) & 1437/1438 (2016): The Ministry of Finance is pleased to highlight the actual outcomes of Fiscal Year (FY) 1436/1437 (2015), the 1437/1438 (2016) budget, and the recent economic developments in the Kingdom of Saudi Arabia. First: Actual Outcomes of Fiscal Year 1436/1437 (2015) 1.Total Revenue Total revenue is estimated at SR 608 billion in FY 1436/1437 (2015), with an estimated decline of 15 percent compared to the budgeted revenues. The oil revenues are expected to reach SR 444.5 billion, representing73 percent of the total revenue. This is 23% less than oil revenue during the previous fiscal year 1435/1436 (2014). Non-oil revenue increased from SR 126.8 billion in 2014 by SR 36.7 billion to SR 163.5 billion; an increase of 29 percent compared to last year 2014. 2015 SR Billion2014 SR BillionPercentage Change Petroleum products tax16.0815.046.91 Customs duties2523.526.29 General service fees1.81.61111.73 Government share in the telecommunications sector4.44.962(11.33) Documents fees15.714.5318.04 Other income taxes1413.925.54 Rents and sales1.81.14657.07 Investments3721.85881 Other revenues25.59.23 149 Zakat14.514.31.4 Fees of port services43.7626.33 Visa fees2.72.39412.78 Mining fees.52.517.58 Total 163.5126.79636.83 --More 17:50 LOCAL TIME 14:50 GMT تغريد
