​​​​​​​​​​​​​​

​​​

​Indebtness:


As at 31 December 2015, the Government's total outstanding direct indebtedness amounted to SAR 142.2 billion (U.S.$37.9 billion), which entirely comprised domestic indebtedness and which represented 5.8 per cent. of Saudi Arabia's nominal GDP for the year ended 31 December 2015.

As at 31 December 2016, Saudi Arabia's total outstanding direct indebtedness amounted to SAR 316.6 billion (U.S.$84.4 billion), comprising SAR 213.5 billion (U.S.$56.9 billion) of domestic indebtedness and SAR 103.1 billion (U.S.$27.5 billion) of external indebtedness. 

As at 31 December 2017, Saudi Arabia's total outstanding direct indebtedness amounted to SAR 443.3 billion (U.S.$118.2 billion), comprising SAR 259.5 billion (U.S.$69.2 billion) of domestic indebtedness and SAR 183.8 billion (U.S.$49.0 billion) of external indebtedness.

As at 31 December 2018, Saudi Arabia's total outstanding direct indebtedness amounted to SAR 560.0 billion (U.S.$149.3 billion), comprising SAR 305.0 billion (U.S.$81.3 billion) of domestic indebtedness and SAR 255.0 billion (U.S.$68.0 billion) of external indebtedness. 

As at 30 December 2019, Saudi Arabia's total outstanding direct indebtedness amounted to SAR 677.9 billion (U.S.$180.8 billion), comprising SAR 372.8 billion (U.S.$99.4 billion) of domestic indebtedness and SAR 305.2 billion (U.S.$81.4 billion) of external indebtedness.

As at end of December 2020, Saudi Arabia's total outstanding direct indebtedness amounted to SAR 853.5 billion (U.S.$227.6 billion), comprising SAR 502.6 billion (U.S.$134.0 billion) of domestic indebtedness and SAR 350.9 billion (U.S.$ 93.6 billion) of external indebtedness. 

As at end of Dec 2021, Saudi Arabia's total outstanding direct indebtedness amounted to SAR 938.0 billion (U.S.$250.1 billion), comprising SAR 558.7 billion (U.S.$149.0 billion) of domestic indebtedness and SAR 379.3 billion (U.S.$ 101.1 billion) of external indebtedness. 

As at end of September 2022, Saudi Arabia's total outstanding direct indebtedness amounted to SAR 972.3 billion (U.S.$259.3 billion), comprising SAR 610.5 billion (U.S.$162.8 billion) of domestic indebtedness and SAR 361.8 billion (U.S.$ 96.5 billion) of external indebtedness. 


The following table sets forth the Government's total outstanding direct indebtedness (external and domestic) as of 31 December 2021, 2020, 2019, 2018, 2017, 2016, and 2015, respectively. In addition to Q3 2022.


​​Government’s total outstanding direct indebtedness (external and domestic)
SAR billions, except percentages
​Q3 2022
2021
​2020
2019
 2018
2017
2016
2015
Borrowed During Period
93.7(2)
157.9 (1)220.0​120.0
120.0
139.1
200.1
98
Repaid During Period
​59.4 (2)
73.4 (1)
​44.4
2.0
3.3
12.4
25.8
-
Indebtedness Outstanding at End of Period
​972.3
938.0​853.5
677.9
560.0
443.3
316.6
142.2 
Change (%)
3.7
9.9
25.9​21.1
26.3
40.0
122.5
221.4
GDP (3) (Nominal)3,126​​3,126
2,638​3,0143,062
2,582
2,419
2,454
Ratio of Public Debt to Nominal GDP (%)
31.1​​
30.0
​32.4
22.518.3
17.2
13.1
5.8

Source:  National Debt Management Center, Ministry of Finance

1.      2021 figure is including an amount of SAR 33bn related to a switch transaction executed end of 2021.

2.      2022 figure is including SAR 26 bn related to the switch transaction executed in 2022.

3.      As per General Authority for Statistics.

 


The following table sets forth a breakdown of the Government's outstanding direct domestic borrowing (excluding debt of Government-related entities) by creditor type, as of 31 December 2021, 2020, 2019, 2018, 2017, 2016, and 2015, respectively. In addition to the 3rd Quatrter of the FY 2022.​


Domestic Debt​
SAR billions, (except percentages)
​Q3 2022
2021
​2020
​​2019
2018
2017
2016
Autonomous Government Institutions184
200.0
​192.9
92.0
84.4
71.9
80.6
Commercial Banks
407.7
348.2
​302.4
274.4
220.5
187.6
132.9
​​​​Investment Companies
2.8​
3.9
​3.9
3.9
0.1
-
-
Individuals
0.2
0.0
​0.0
0.0
-
-
-
Mutual Funds
6.2
5.1
​2.5
1.9
-
-
-
Other
6.4
1.5
​0.86
0.5
-
-
-
​Foregn Investment
3.2
-
-
-
-
--
Total Domestic Indebtedness
610.5
558.7
​502.6
372.8
305.0
259.5
213.5
Net Change51.8
56.1
​129.9
67.8
45.5
46.0
71.2
New Loans (1)
1.7 (1)
-
11.0​-
-
-
-
New Debt Securities (2)
93.7 (2)
109.1 (2)
​163.3
69.8
48.8
58.5
97.0
Repaid During Period (2)
​(41.9) (2)
(52.7​)
​(44.4)
(2.0)
(3.3)
(12.4)
(25.8)

Source: National Debt Management Center, Ministry of Finance

1.      The Governmental Alternative Financing to the 3rd quarter of 2022.

2.      2021 and 2022 figures are including the repurchasing transaction.

Note:               

​​·  Numbers are rounded.