Budget: Revenues SAR 1.14T, expenditures at SAR 1.31T

The Council of Ministers, chaired by Crown Prince and Prime Minister Mohammed bin Salman, approved the 2026 state budget and issued a related resolution today, Dec. 2.
The 2026 public expenditures were budgeted at SAR 1.31 trillion, while total revenues were estimated at SAR 1.14 trillion, with an expected deficit of SAR 165.4 billion.
|
Revenues and Expenditures of Saudi Arabia's Budget (2000-2026) |
|||
|
Year |
Revenues (SAR bln) |
Expenditures (SAR bln) |
Surplus/Deficit (SAR bln) |
|
2026 Estimates |
1147.4 |
1312.8 |
(165.4) |
|
2025 Forecasts |
1091 |
1336 |
(245) |
|
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 |
(100) |
|
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 |
The Kingdom’s expenditures are expected to reach about SAR 1.31 trillion in 2026.
|
Estimated and Actual Expenditures (SAR bln) |
|||
|
Year |
Estimated |
Actual |
Difference |
|
2026 |
1312.8 |
-- |
-- |
|
2025 |
1285 |
-- |
-- |
|
2024 |
1172 |
1285 |
+113 |
|
2023 |
1114 |
1293 |
+179 |
|
2022 |
955 |
1164 |
+209 |
|
2021 |
990 |
1039 |
+49 |
|
2020 |
1020 |
1076 |
+56 |
|
2019 |
1106 |
1059 |
(47) |
|
2018 |
978 |
1079 |
+ 101 |
|
2017 |
890 |
930 |
+40 |
|
2016 |
840 |
831 |
(9) |
|
2015 |
860 |
1001 |
+141 |
|
2014 |
855 |
1141 |
+286 |
|
2013 |
820 |
995 |
+175 |
|
2012 |
690 |
917 |
+227 |
|
2011 |
580 |
827 |
+247 |
|
2010 |
540 |
654 |
+ 114 |
|
2009 |
475 |
596 |
+ 121 |
|
2008 |
410 |
520 |
+ 110 |
|
2007 |
380 |
466 |
+ 86 |
|
2006 |
335 |
393 |
+ 58 |
|
2005 |
280 |
346 |
+ 66 |
|
2004 |
230 |
285 |
+ 55 |
For 2025, revenues are estimated at SAR 1.09 trillion and expenditures at SAR 1.33 trillion, with a deficit of SAR 245.0 billion.
Capital expenditure is forecast to reach SAR 162 billion in 2026, representing about 12.3% of total spending.
|
Operating and Capital Expenditure (SAR bln) |
|||
|
Year |
Operating Expenditure |
Capital Expenditure |
Total |
|
2026* |
1151 |
162 |
1313 |
|
2025** |
1165 |
172 |
1336 |
|
2025* |
1101 |
184 |
1285 |
|
2024 |
1184 |
191 |
1375 |
|
2023 |
1107 |
186 |
1293 |
|
2022 |
1021 |
143 |
1164 |
|
2021 |
922 |
117 |
1039 |
|
2020 |
921 |
155 |
1076 |
|
2019 |
890 |
169 |
1059 |
*Budget.
**Forecasts.
Fields of Spending:
The government allocated SAR 259 billion to the health and social development sector in the 2026 budget, and SAR 202 billion to the education sector.
|
Aspects of Expenditure in 2026 (estimates) – SAR bln |
|
|
Sector |
Allocation |
|
Public Administration |
57 |
|
Military |
240 |
|
Security and Regional Administration |
120 |
|
Municipal Services |
72 |
|
Education |
202 |
|
Healthcare and Social Development |
259 |
|
Economic Resources |
92 |
|
Infrastructure and Transport |
35 |
|
General Items |
236 |
|
Total |
1313 |
The ministry also projected oil revenues for the current year at SAR 590 billion and non-oil revenues at SAR 501 billion, as shown in the table below:
|
Oil & Non-Oil revenues (2010-2025) – SAR bln |
|||
|
Year |
Non-Oil Revenues |
Oil Revenues |
Total |
|
2025 |
501 |
590 |
1091 |
|
2024 |
503 |
757 |
1259 |
|
2023 |
458 |
755 |
1212 |
|
2022 |
411 |
857 |
1268 |
|
2021 |
403 |
562 |
965 |
|
2020 |
369 |
413 |
782 |
|
2019 |
332 |
594 |
927 |
|
2018 |
294 |
611 |
906 |
|
2017 |
256 |
436 |
692 |
|
2016 |
186 |
334 |
519 |
|
2015 |
166 |
446 |
613 |
|
2014 |
127 |
913 |
1040 |
|
2013 |
118 |
1035 |
1153 |
|
2012 |
102 |
1145 |
1247 |
|
2011 |
83 |
1034 |
1118 |
|
2010 |
71 |
670 |
741 |
Kingdom’s GDP:
In 2025, GDP reached SAR 4.60 trillion in 2025, while inflation rose 2.3% from 1.7% a year earlier.
The budget estimates GDP will increase to SAR 4.96 trillion in 2026.
|
Key Economic Data |
|||||||||||
|
Item |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024* |
2025** |
2026** |
|
GDP (SAR bln) |
2585 |
2780 |
3325 |
3333 |
2880 |
3685 |
4647 |
4570 |
4649 |
4600 |
4965 |
|
Inflation |
3.4 % |
(0.1%) |
2.6 % |
(1.0%) |
3.4 % |
3.1 % |
2.5 % |
2.3 % |
1.7 % |
2.3 % |
2.0 % |
*Preliminary data
Public debt:
The Kingdom’s public debt rose to SAR 1.45 trillion by the end of 2025, representing nearly 31.7% of GDPThe public debt is expected to rise to SAR 1.62 trillion in 2026, or 32.7% of GDP.
|
Key Economic Data |
|||||||||||
|
Year |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
*2024 |
*2025 |
2026* |
|
Public Debt (SAR bln) |
316.6 |
443.3 |
560 |
678 |
854 |
938 |
990 |
1050 |
1216 |
1457 |
1622 |
|
Debt- to -GDP Ratio |
5.5% |
11.4% |
13.3% |
16.8% |
23.5% |
23.2% |
20.2% |
21.7% |
22.6% |
31.7% |
32.7% |
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