Saudi 2025 budget foresees $27 billion fiscal deficit

Saudi 2025 budget foresees $27 billion fiscal deficit as gigaproject spending continues
By Yousef Saba, Rachna Uppal and Nayera Abdallah RIYADH/DUBAI (Reuters) - Saudi Arabia approved its state budget on Tuesday for 2025 forecasting a fiscal deficit of 101 billion riyals ($26.88 billion),
Saudi 2025 Budget Sees Lower Deficit On Spending Trims
Saudi Arabia on Tuesday approved a budget for 2025 that projected a smaller deficit than last year as officials recalibrate a reform drive meant to transition the economy away from oil.
Saudi Arabia approves 2025 state budget, forecasts $27bn deficit
Saudi Arabia has approved its state budget for 2025, which forecasts a fiscal deficit of SAR101bn ($27bn) or 2.3 per cent of GDP next year, as the kingdom continues to spend on massive projects under Vision 2030, the Gulf state’s ambitious plan to diversify the economy away from heavy reliance on oil revenues.
Saudi Arabia Projects $26.88 Billion Deficit in 2025 Budget Linked to Vision 2030
Saudi Arabia approved its 2025 budget on Tuesday, projecting a deficit of 101 billion riyals ($26.88 billion), or 2.3% of its GDP. Finance Minister Mohammed Al Jadaan reaffirmed the kingdom’s commitment to Vision 2030, an ambitious plan to reduce its dependence on oil.
Saudi 2025 Budget Sees Deficit Of 2.3% Of GDP As Spending Stays High
Saudi Arabia on Tuesday approved a budget for 2025 that projected a deficit of $26.8 billion as high spending continues on reforms meant to transition the economy away from oil.
Saudi Arabia forecasts 2025 fiscal deficit of $27bn
Approval of 2025 state budget Deficit represents 2.3% of GDP GDP growth of 4.6% forecast Saudi Arabia has approved its 2025 state budget, estimating total revenues at SAR1.18 trillion ($314 billion) and expenditures at SAR1.
Saudi Finance Minister: 2025 Budget Aims to Continue Expanding Strategic Spending
Saudi Finance Minister Mohammed Al-Jadaan outlined the objectives of the 2025 budget, emphasizing a continued focus on strategic spending for developmental projects aligned with sectoral strategies and Vision 2030 programs.
Saudi Arabia approves 2025 budget with estimated $315bn revenues and $342bn expenditure
Saudi Arabia has unveiled an approved budget for 2025 with forecast of $315bn revenues and $342bn expenditure Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired a Cabinet session to approve the state’s general budget for the new fiscal year 1446/1447 AH (2025).
Saudi Arabia's 2025 Budget: A Balancing Act Amid Oil Revenue Challenges
Saudi Arabia has approved its 2025 budget, anticipating a fiscal deficit as it invests in Vision 2030 projects aimed at reducing oil dependency. Total expenditure is projected at 1.285 trillion riyals,
Saudi Arabia Sets ‘Deficit by Design’ Policy for Economic Growth
Saudi Arabia is expecting to run budget deficits in coming years as a trade off for investing in ways to secure long-term benefits for the non-oil sector.
Bloomberg L.P.23h
Saudi Arabia Cuts Spending to Reform Economy Amid Lower Oil
Saudi Arabia outlined plans to trim spending in 2025 after overshooting ... The government is forecasting a budget ...
الشرق الأوسط7m
Tourism Minister: Saudi Arabia Sees 27% Increase in Incoming Tourists in 9 Months
Saudi Arabia's tourism sector continues to achieve remarkable growth, as incoming tourist numbers surged by 27% in the first ...
devdiscourse1d
Saudi Arabia's 2025 Budget: Balancing Act
Saudi Arabia's budget for 2025 has been approved by Crown Prince Mohammed bin Salman. It involves a planned deficit of 101 ...