Saudi Arabia approved its 2026 state budget with SR1.147 trillion in revenue and SR1.312 trillion in spending, projecting a deficit of SR165.4 billion and GDP growth of 4.6 percent.
INFO BOX
Who: Saudi Council of Ministers, Crown Prince Mohammed bin Salman
What: Approval of the 2026 general state budget
When: Announced Tuesday
Where: Dammam, Saudi Arabia
Revenues: SR1.147 trillion
Expenditures: SR1.312 trillion
Deficit: SR165.4 billion
GDP Growth Forecast: 4.6% in 2026
Saudi Arabia Approves 2026 Budget With $350 Billion in Spending
According to the Saudi Press Agency, Saudi Arabia announced the 2026 state general budget on Tuesday. It projected total revenues of SR1.147 trillion and expenses SR1.312 trillion. The budget was validated during a special cabinet meeting presided by Crown Prince and Prime Minister Mohammed bin Salman in Dammam.
Commitment to Vision 2030 Priorities
During the session, the Crown Prince directed ministers and government officials to fully commit to implementing development programs align with Vision 2030. He emphasized that citizens and their well being must remain top priority across all sectors.
Economic Outlook for 2026
The Ministry of Finance projects:
- 4.6% economic growth in 2026
- A budget deficit of 3.3% of GDP
- Public debt reaching SR1.622 trillion, or 32.7% of GDP
The ministry noted that the government remains focused on improving spending efficiency, strengthening service quality and advancing national strategies and giga-projects that support long-term diversification goals.
Strategic Spending to Continue
Finance Minister Mohammed Al-Jadaan stated that the 2026 budget demonstrates the Kingdom’s continued commitment to strategic development spending. This includes major projects tied to sectoral strategies and Vision 2030 transformation plans.
He added that the budget aims to maintain financial strength by keeping public debt within sustainable levels while preserving strong financial reserves. The approach supports fiscal stability as the Kingdom advances large scale economic initiatives.
Outlook
The 2026 budget underscores Saudi Arabia’s focus on economic diversification, sustained investment and long term fiscal sustainability. As major national projects progress, the Kingdom expects steady growth and improved service quality across sectors.
Stay tuned for updates on Saudi Arabia’s fiscal and economic developments.
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