AI Summary
The Saudi Ministry of Finance announced today, May 5, the (actual) general budget for the Kingdom for the first quarter of 2026.
According to official data, first-quarter revenues reached SAR 261 billion, while general expenditures totaled SAR 387 billion.
The budget deficit for Q1 2026 stood at SAR 126 billion.
|
Saudi Budget’s 2026 Actual Revenue & Expenditure (SAR bln) |
|||
|
Year |
Revenue |
Expenditure |
Surplus/(Deficit) |
|
Q1 |
261 |
387 |
(126) |
|
Q2 |
-- |
-- |
-- |
|
Q3 |
-- |
-- |
-- |
|
Q4 |
-- |
-- |
-- |
|
2026 (Estimates) |
1147.4 |
1312.8 |
(165.4) |
Q1 Actual Revenue:
Total actual revenue for Q1 2026 stood at SAR 261 billion, down about 1% from Q1 2025.
Oil revenue reached SAR 144.7 billion, while non-oil revenue amounted to SAR 116.25 billion.
|
Actual Revenues Breakdown (SAR bln) |
|||
|
Revenues |
Q1 2025 |
Q1 2026 |
Change |
|
Oil revenues |
149.81 |
144.72 |
(3%) |
|
Non-oil revenues |
113.81 |
116.25 |
+2% |
|
Taxes on income, profit & capital gains |
6.70 |
5.92 |
(12%) |
|
Taxes on goods & services |
71.56 |
74.93 |
+5% |
|
Taxes on international trade & transactions |
5.56 |
5.55 |
(0.2%) |
|
Other taxes |
4.58 |
3.69 |
(19%) |
|
Other revenues |
25.41 |
26.17 |
+3% |
|
Total |
263.62 |
260.97 |
(1%) |
Q1 Actual Expenditure:
Actual expenditures rose 20% YoY to SAR 387 billion.
|
Actual Expenditure (SAR bln) |
|||
|
Expenditure |
Q1 2025 |
Q1 2026 |
Change |
|
Employee compensation |
146.09 |
151.06 |
3% |
|
Use of goods & services |
64.63 |
98.05 |
52% |
|
Financing expenses |
12.39 |
12.29 |
(1%) |
|
Subsidies |
6.49 |
17.54 |
170% |
|
Grants |
0.27 |
0.96 |
249% |
|
Social benefits |
30.47 |
31.08 |
2% |
|
Other expenses |
34.18 |
32.28 |
(6%) |
|
Non-financial assets (CAPEX) |
27.79 |
43.43 |
56% |
|
Total |
322.32 |
386.69 |
20% |
Spending Breakdown:
The government allocated SAR 80.85 billion to the health and social development sector in the Q1 2026 budget, SAR 64.71 billion to the military sector, and SAR 57.03 billion to education.
|
Actual Spending in Q1 2026 (SAR bln) |
|
|
Sector |
Actual Spending |
|
General Administration |
21.43 |
|
Military |
64.71 |
|
Security and Regional Administration |
34.43 |
|
Municipal Services |
26.22 |
|
Education |
57.03 |
|
Health and Social Development |
80.85 |
|
Economic Resources |
28.02 |
|
Infrastructure and Transportation |
12.50 |
|
General Items |
61.50 |
|
Total |
386.69 |
Public Debt:
Total public debt rose to around SAR 1.66 trillion at the end of Q1 2026, compared with SAR 1.51 trillion at the end of 2025.
|
Public Debt (SAR bln) |
|
|
Period |
Total |
|
2025 |
1519.01 |
|
Q1 2026 |
1667.18 |
|
Public Debt by Q1 2026-End (SAR bln) |
||
|
Period |
Domestic Debt |
External Debt |
|
Beginning of period balance |
1519.01 |
|
|
943.35 |
575.65 |
|
|
Issuances/(borrowing) |
108.62 |
48.75 |
|
Principal repayment |
(9.20) |
0 |
|
Amortization of government bonds |
0 |
0 |
|
End of period balance |
1042.78 |
624.40 |
|
1667.18 |
||
|
Q1 2026 Budget Surplus/Deficit Funding Sources (SAR bln) |
|
|
Item |
Total |
|
Surplus/(Deficit) |
(125.71) |
|
Funding |
|
|
Government Reserves |
- |
|
Borrowing |
125.71 |
|
Total |
125.71 |
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