The Saudi Arabia 2026 budget is the Kingdom’s general budget for the fiscal year 2026, issued by the Ministry of Finance and approved by the Council of Ministers on December 2, 2025 at its session in Dammam, chaired by Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs Mohammed Bin Salman Bin Abdulaziz Al Saud. Revenues are estimated at SAR1,147.4 billion and spending at SAR1,312.8 billion, leaving a deficit of SAR165.4 billion.
Headline figures in the Saudi Arabia 2026 budget
| Item | Estimate |
|---|---|
| General revenues | SAR1,147.4 billion |
| Expenditures | SAR1,312.8 billion |
| Deficit | SAR165.4 billion |
| Real GDP growth | 4.6 percent |
| Public debt | About SAR1,622 billion, or 32.7 percent of GDP |
| Government reserves | About SAR390 billion |
Priorities
Managing the deficit sits at the top of list, paired with strategies for sustainable debt management. The plan continues domestic and international financing to cover the expected shortfall and to repay principal falling due in 2026 and over the medium term, using alternative government financing where market conditions allow, in order to support growth and fund development and infrastructure projects.
Medium-term targets in the Saudi Arabia 2026 budget
- Keep executing development projects, strategies and initiatives
- Improve spending efficiency across sectors
- Maintain a strong fiscal position while pursuing sustainable growth
- Advance the goals of Saudi Vision 2030 through expansionary fiscal policy
Growth, debt and reserves
Real GDP growth is projected at 4.6 percent, driven mainly by non-oil activity. Public debt is expected to reach about SAR1,622 billion, equal to 32.7 percent of GDP, compared with roughly SAR1,457 billion in 2025, or 31.7 percent. Government reserves at the Saudi Central Bank are to be held at about SAR390 billion by the end of 2026, unchanged from 2025.
The debt path is the figure to watch through the year. It rises in absolute terms while staying close to a third of output, which is the balance the plan is designed around. For context on how the numbers were first announced, see our report on the approval of the 2026 budget, and for the official who presents it, our profile of Finance Minister Mohammed Al-Jadaan.
Key takeaways
- Approved by the Council of Ministers on December 2, 2025.
- Deficit of SAR165.4 billion on spending of SAR1,312.8 billion.
- Non-oil activity is the main expected growth driver.
Frequently asked questions about the Saudi Arabia 2026 budget
What are the estimated revenues?
SAR1,147.4 billion.
How large is the deficit?
SAR165.4 billion.
What growth rate is assumed?
Real GDP growth of 4.6 percent.
Full budget documents are published by the Ministry of Finance.
