Saudi budget deficit hits 2.3% of GDP in ’25

The Saudi Ministry of Finance released on Wednesday the Budget Statement for Fiscal Year 2025, projecting total expenditures at SAR 1,285 billion ($342.6 billion) and total revenues at SAR 1,184 billion. This forecast indicates a deficit of SAR 101 billion, approximately 2.3 per cent of the Gross Domestic Product (GDP).

The public debt balance is expected to reach SAR 1,300 billion (29.9 per cent of GDP) by the end of 2025, compared to SAR 1,199 billion (29.3 per cent of GDP) in 2024.

It is anticipated that the balance of government reserves at the Saudi Central Bank (SAMA) will remain stable at approximately SAR 390 billion by the end of 2025.

Attribution: Saudi Ministry of Finance