Saudi 2025 budget foresees $27 billion fiscal deficit

Saudi 2025 budget foresees $27 billion fiscal deficit as gigaproject spending continues
Saudi Arabia approved its state budget on Tuesday for 2025 forecasting a fiscal deficit of 101 billion riyals ($26.88 billion), as its finance minister said the kingdom will continue to spend on massive gigaprojects designed to wean the economy off oil.
Saudi Arabia projects $26.88 billion deficit in 2025 budget linked to Vision 2030
Declining oil prices and production cuts have reduced Saudi revenue, but Vision 2030 initiatives, such as large infrastructure projects, aim to boost non-oil sectors like tourism and manufacturing.
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,
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 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'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 billion riyals, with spending set at 1.285 trillion riyals and anticipated revenues of 1.
Saudi Arabia approves 2025 budget that foresees $27bln fiscal deficit
Saudi Crown Prince Mohammed bin Salman on Tuesday approved the country's budget for 2025, state media reported, with a planned deficit of 101 billion riyals ($26.88 billion). The budget set spending at 1.285 trillion riyals in 2025 and total revenues at 1.184 trillion riyals.
Saudi 2025 budget foresees $27bln fiscal deficit as gigaproject spending continues
RIYADH/DUBAI: Saudi Arabia approved its state budget on Tuesday for 2025 forecasting a fiscal deficit of 101 billion riyals ($26.88 billion), as its finance minister said the kingdom will continue to spend on massive gigaprojects designed to wean the economy off oil.
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.
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