Saudi Arabia estimates 2026 revenues at SAR 1.14T, expenditure at SAR 1.31T

Saudi Arabia's pre-budget statement estimated state revenues at SAR 1.14 trillion and expenditure at SAR 1.31 trillion for 2026, with an expected deficit of SAR 166 billion, the Ministry of Finance said today, Sept. 30.

 

As for 2025, the Kingdom’s revenue and expenditure are slated to reach SAR 1.09 trillion and SAR 1.33 trillion, respectively, possibly fueling a deficit of SAR 245 billion.

 

Actual Revenues & Expenditure of Saudi Arabia's Budget (2000-2026)​

 Year

Revenues

(SAR bln)

Expenditure

(SAR bln)

Surplus/(Deficit)

(SAR bln)​

2026 est.

1147

1313

(166)

2025 fcast.

1091

1336

(245)

2025 est.

1184

1285

(101)

2024 actual

1259

1375

(116)

2023

1212

1293

(81)

2022 

1268

1164

104

2021 

965

1039

(73)

2020

782

1076

(294)

2019

927

1059

(133)

2018  

906

1079

(174)

2017

692

930

(238)

2016

519

831

(311)

2015

613

1001

(389)

2014

1040

1141

(101)

2013

1153

995

158

2012

1247

917

329

2011

1118

827

291

2010

741

654

87

2009

510

596

(87)

2008

1101

520

581

2007

643

466

177

2006

674

393

280

2005

564

346

218

2004

392

285

107

2003

293

257

36

2002

213

234

( 21 )

2001

228

255

( 27 )

2000

258

235

23
 
Key Financial Targets in 2026 and over Medium Term:
Saudi Arabia’s Ministry of Finance projected real GDP growth of 4.4% in 2025, aided by an expected 5.0% expansion in non-oil activities, underpinned by positive economic indicators seen in the first half of this year.
 
For 2026, the ministry also expected real GDP growth to accelerate to 4.6%.
 
Additionally, inflation is expected to reach 2.3% in 2025, before easing to 2.0% in 2026, 1.8% in 2027 and 1.9% in 2028, according to the ministry.
 

Saudi Arabia’s 2026 budget is expected to record a deficit at about 3.3% of GDP, with deficits projected to persist at lower levels over the medium term as the government continues to pursue strategic expansionary spending policies to implement projects, programs and initiatives with economic and social returns.

 

Key Medium-Term Economic Indicators (SAR bln)

Item

Actual

Forecasts

Estimates

2024

2025

2026

2027

2028

Total Revenues

1259

1091

1147

1230

1294

Total Expenditure

1375

1336

1313

1350

1419

Surplus/(Deficit)

(116)

(245)

(165)

(120)

(125)

Real GDP Growth

2.0%

4.4%

4.6%

3.7%

4.5%

Nominal GDP Growth

4649

4600

4965

5258

5643

Inflation

1.7 %

2.3 %

2.0 %

1.8 %

1.9 %

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