AI Summary
Saudi Arabia posted actual revenues of SAR 301.6 billion and expenditure of SAR 336.1 billion in Q2 2025, recording a budget deficit of SAR 34.5 billion, the Ministry of Finance announced today, July 31.
|
Saudi Budget: Actual Revenue & Expenditure for 2025 (SAR bln) |
|||
|
Period |
Revenue |
Expenditure |
Surplus/(Deficit) |
|
Q1 |
263.6 |
322.3 |
(58.7) |
|
Q2 |
301.6 |
336.1 |
(34.5) |
|
Q3 |
-- |
-- |
-- |
|
Q4 |
-- |
-- |
-- |
|
2025 (Estimates) |
1285 |
1184 |
(101) |
Actual Revenues:
In the first half, actual revenues dropped nearly 13% to SAR 565.21 billion.
Oil and non-oil revenues stood at SAR 301.54 billion and SAR 263.67 billion, respectively, in the same period.
|
Actual Revenues (SAR bln) |
|||
|
Revenues |
H1 2024 |
H1 2025 |
Change |
|
Oil revenues |
394.91 |
301.54 |
(24%) |
|
Non-oil revenues |
252.11 |
263.67 |
+5% |
|
Taxes on income, profit & capital gains |
19.40 |
20.43 |
+5% |
|
Taxes on goods & services |
140.03 |
146.51 |
+5% |
|
Taxes on int'l trade & transactions |
11.49 |
11.88 |
+3% |
|
Other taxes |
28.20 |
30.57 |
+8% |
|
Other revenues |
53.00 |
54.27 |
+2% |
|
Total |
647.03 |
565.21 |
(13%) |
Actual Expenditure:
In H1 2025, actual expenditure totaled nearly SAR 658.45 billion, marking a decline of 2% YoY.
|
Actual Expenditure in H1 2025 (SAR bln) |
|||
|
Expenditure |
H1 2024 |
H1 2025 |
Change |
|
Employee compensation |
277.35 |
286.49 |
+3% |
|
Use of goods & services |
136.27 |
138.21 |
+1% |
|
Financing expenses |
20.85 |
24.33 |
+17% |
|
Subsidies |
21.31 |
14.18 |
(33%) |
|
Grants |
1.70 |
0.69 |
(59%) |
|
Social benefits |
63.06 |
69.64 |
+10% |
|
Other expenses |
54.77 |
57.21 |
+4% |
|
Non-financial assets (CAPEX) |
99.46 |
67.70 |
(32%) |
|
Total |
674.75 |
658.45 |
(2%) |
In the six-month period, the government allocated SAR 111.22 billion to the military sector. Another SAR 155.8 billion and more than SAR 104 billion were geared towards the health & social development as well as education sectors, respectively.
|
Spending in H1 2025 (Actual Amounts) – SAR bln |
|
|
Sector |
Allocation |
|
Public administration |
29.58 |
|
Military |
111.22 |
|
Security & administrative regions |
60.85 |
|
Municipal services |
43.16 |
|
Education |
104.08 |
|
Health services & social development |
155.79 |
|
Economic resources |
45.70 |
|
Infrastructure & transportation |
18.52 |
|
General items |
89.55 |
|
Total |
658.45 |
Public Debt:
The Kingdom’s public debt increased to nearly SAR 1.38 trillion by the end of H1 2025, from SAR 1.21 trillion by the end of 2024.
|
Public Debt (SAR bln) |
|
|
Period |
Balance |
|
2024 |
1,215.92 |
|
H1 2025 |
1,386.44 |
The table below breaks down Saudi Arabia’s public debt by the end of H1 2025:
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Public Debt by H1 2025-end (SAR bln) |
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|
Period |
Domestic |
External |
|
Period-start balance |
1215.92 |
|
|
738.25 |
738.25 |
|
|
Issuances/borrowings |
197.57 |
197.57 |
|
Principal repayment |
(64.52) |
(64.52) |
|
Amortization of gov’t bonds |
-- |
-- |
|
Period-end balance |
871.30 |
871.30 |
|
1386.44 |
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