Site icon Middle East Monitor

Saudi Arabia allocates 18% of 2020 budget for military spending

5 years ago

Warning: foreach() argument must be of type array|object, null given in /www/wwwroot/middleeastmonitor.com/wp-content/plugins/amp/includes/templates/class-amp-post-template.php on line 236

The Saudi budget for the next year revealed that 18% of overall expenditure was allocated to military spending, to reach $48.5 billion, down 5 per cent from $51 billion in 2019.

The military sector came as the second economic sector in terms of spending; after education and before health.

The Saudi budget allocated 19 per cent of the state spending for education, esteemed at $ 51.5 billion, and 16 per cent for health at $ 44.5 billion.

Read: Nearly 175 Saudi military aviation students grounded in US after base shooting

Exit mobile version