DUBAI: Saudi Arabia’s estimated budget for 2019 will be $294 billion, the Kingdom’s Ministry of Finance said at a press conference on Sunday. Minister of Finance Mohammed Al-Jadaan said the Kingdom expects revenues of about $260 billion for next year, with 2019 expenditure set to increase by 7 percent from expected expenditure for the current year. He said there was an expected “steady decline in the deficit until balancing out in 2023.”  Al-Jadaan also said that a deficit of about $34 billion is expected in the 2019 budget, while revenue growth is forecast at 6 percent annually until 2023. Earnings are expected to exceed $266 billion by 2021, when the budget is forecast to reach $295 billion. Revenues are expected to reach $235 billion this year, with total spending at around $267 billion.