NDMC declares completion of 2026 Annual Borrowing Plan

Logo of National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) announced the completion of the 2026 Annual Borrowing Plan, having secured approximately 90% of the Kingdom's funding needs prior to the geopolitical events in the region.

This reflects the efficiency of proactive planning and execution flexibility in managing the Kingdom's funding needs, it said in a statement today, May 5.

NDMC intends to leverage private channels and local markets as the primary funding sources should the ongoing coordination with the Ministry of Finance identify a need for additional financing.

While issuances in international public markets were selectively reduced than initially anticipated in the 2026 Annual Borrowing Plan, NDMC successfully met its funding needs through private channels and the local market. This approach underscores the Kingdom's commitment to maintaining public debt sustainability and diversifying its funding sources and instruments, according to the statement.

NDMC also said it will continue to monitor international public markets and consider accessing them when favorable opportunities arise, with the aim of meeting future financing needs.

According to Argaam data, last January, Minister of Finance Mohammed Al-Jadaan approved the 2026 Annual Borrowing Plan, after being ratified by NDMC’s board. The expected financing needs for 2026 was set at SAR 217 billion, in order to cover the anticipated deficit in the state’s budget for 2026, which is estimated at around SAR 165 billion, according to the Ministry’s budget statement for 2026, as well as to repay debt principal obligations during 2026, which amount to nearly SAR 52 billion.