Al-Jadaan says 2026 state budget aims to bolster fiscal strength

Finance Minister, Mohammed Al-Jadaan

Finance Minister Mohammed Al-Jadaan said Saudi Arabia’s 2026 budget aims to strengthen the kingdom’s fiscal position, maintain safe levels of public debt and build substantial reserves to support sustainable economic growth.

In remarks following the release of the preliminary budget statement, Al-Jadaan said the government will continue to drive economic growth by pushing ahead with development projects and national strategies, including targeted spending to support economic and social priorities.

He added that Saudi Arabia is working to spur private-sector participation as a key partner in development while maintaining spending efficiency over the medium and long term, striking a balance between growth needs and fiscal sustainability.