AI Summary
Saudi Arabia posted actual revenues of SAR 263.62 billion and expenditure of SAR 322.3 billion in Q1 2025, recording a budget deficit of SAR 58.7 billion, the Ministry of Finance announced today, May 5.
|
Saudi Budget Actual Revenue & Expenditure for 2025 (SAR bln) |
|||
|
Period |
Revenue |
Expenditure |
Surplus/(Deficit) |
|
Q1 |
263.6 |
322.3 |
(58.7) |
|
Q2 |
-- |
-- |
-- |
|
Q3 |
-- |
-- |
-- |
|
Q4 |
-- |
-- |
-- |
|
2025 (Forecasts) |
1,184 |
1,285 |
(101) |
|
Actual Revenues (SAR bln) |
|||
|
Revenues |
Q1 2024 |
Q1 2025 |
Change |
|
Oil revenues |
181.92 |
149.81 |
(18%) |
|
Non-oil revenues |
111.51 |
113.81 |
+2% |
|
Taxes on income, profit & capital gains |
6.55 |
6.70 |
+2% |
|
Taxes on goods & services |
69.90 |
71.56 |
+2% |
|
Taxes on int'l trade & transactions |
6.03 |
5.56 |
(8%) |
|
Other taxes |
3.69 |
4.58 |
+24% |
|
Other revenues |
25.34 |
25.41 |
+0.3% |
|
Total |
293.43 |
263.62 |
(10%) |
|
Actual Expenditure in Q1 2025 (SAR bln) |
|||
|
Expenditure |
Q1 2024 |
Q1 2025 |
Change |
|
Employee compensation |
137.50 |
146.09 |
+6% |
|
Use of goods & services |
60.70 |
64.63 |
+6% |
|
Financing expenses |
10.07 |
12.39 |
+23% |
|
Subsidies |
8.33 |
6.49 |
(22%) |
|
Grants |
0.32 |
0.27 |
(13%) |
|
Social benefits |
23.85 |
30.47 |
+28% |
|
Other expenses |
30.55 |
34.18 |
+12% |
|
Non-financial assets (CAPEX) |
34.50 |
27.79 |
(19%) |
|
Total |
305.82 |
322.32 |
+5% |
|
Spending in Q1 2025 (Actual Amounts) – SAR bln |
|
|
Sector |
Allocation |
|
Public administration |
18.91 |
|
Military |
51.40 |
|
Security & administrative regions |
30.32 |
|
Municipal services |
25.12 |
|
Education |
53.94 |
|
Health services & social development |
72.22 |
|
Economic resources |
18.38 |
|
Infrastructure & transportation |
9.94 |
|
General items |
42.09 |
|
Total |
322.32 |
|
Public Debt |
|
|
Period |
Public Debt (SAR bln) |
|
2024 |
1,215.92 |
|
Q1 2025 |
1,328.77 |
The table below breaks down Saudi Arabia’s public debt by the end of Q1 2025:
|
Public Debt by Q1 2025-end (SAR bln) |
||
|
Period |
Domestic |
External |
|
Beginning of period balance |
1,215.92 |
|
|
738.25 |
477.67 |
|
|
Issuances/borrowings |
60.83 |
54.04 |
|
Principal repayment |
(2.01) |
-- |
|
Amortization of gov’t bonds |
-- |
-- |
|
End of period balance |
797.07 |
531.70 |
|
1,328.77 |
||
Sources of financing the surplus/deficit for Q1 2025:
|
Sources of Financing Surplus/(Deficit) for Q1 2025 (SAR bln) |
|
|
Item |
Total |
|
Surplus/(Deficit) |
(58.70) |
|
Financing Sources |
|
|
Gov’t Reserves |
0 |
|
Debt |
58.70 |
|
Total Financing |
58.70 |
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