Saudi 2027 budget estimates reflect continued global uncertainty: Al-Jadaan

Saudi Minister of Finance, Mohammed Al-Jadaan

Saudi Minister of Finance, Mohammed Al-Jadaan, affirmed that the 2027 budget estimates must be viewed in light of a global economic environment characterized by continued uncertainty and the acceleration of geopolitical developments.

The Kingdom continues to manage its public finances according to a long-term perspective, in order to enhance its ability to deal with such variables, continue spending on development and strategic priorities, while maintaining the sustainability of public finances and the strength of the Kingdom's fiscal position.

“The Saudi Government continues to monitor economic and geopolitical developments and assess their potential repercussions on the global economy, supply chains, and energy markets. And we will respond to these factors with flexible and proactive policies that support the economy and enhance its ability to continue achieving the goals of Saudi Vision 2030," Al-Jadaan added.

The government seeks to continue implementing economic transformation plans by supporting economic growth and broadening the economic base, as reflected in the growth of non-oil revenues. This contributes to more sustainable and stable revenue levels over the medium and long term.

He went on to say that the deficit estimated for 2027 reflects a fiscal policy aimed at maintaining the strength of the Kingdom’s financial position and enhancing fiscal sustainability, while supporting growth, adapting to changes, and managing crises and emergency needs. This is underpinned by maintaining sustainable levels of public debt and substantial financial reserves.

The issuance of the Pre-Budget Statement with preliminary data reflects the Saudi Government’s ongoing efforts to enhance public finance transparency and strengthen fiscal disclosure. It aims to keep citizens, investors, and other stakeholders informed of key economic developments and fiscal projections for the coming year and over the medium term.