Q3 2025: Revenues hit SAR 269.9B, spending at SAR 358.4B

30/10/2025 Argaam Special


The Ministry of Finance announced today, Oct. 30, the actual figures for Saudi Arabia’s Q3 2025 budget, reporting revenues of SAR 269.9 billion and total expenditures of SAR 358.4 billion.
 
The Kingdom posted a budget deficit of SAR 88.5 billion for the third quarter of 2025.
 
For the first nine months of the year, total revenues reached SAR 835.1 billion, while spending amounted to SAR 1.0168 trillion, leaving a deficit of SAR 181.8 billion.
 

Saudi Budget’s 2025 Actual Revenue & Expenditure (SAR bln)​

Year

Revenue

Expenditure

Surplus/(Deficit)​

Q1

263.6

322.3

(58.7)

Q2

301.6

336.1

(34.5)

Q3

269.9

358.4

(88.5)

Q4

--

--

--

2025 (Estimates)

1184

1285

(101)

 

Actual Revenues for 9M 2025:
 
Total actual revenues for the first nine months of 2025 reached SAR 835.1 billion, down 13% year-on-year (YoY).
 
Oil revenues amounted to SAR 452.4 billion, while non-oil revenues totaled SAR 382.7 billion.
 

Actual Revenues Breakdown (SAR bln)​

Revenues

9M 2024

9M 2025

Change

Oil revenues

585.8

452.4

(23%)

Non-oil revenues

370.5

382.7

3%

Taxes on income, profit & capital gains​

25.4

27.1

7%

Taxes on goods & services

214.0

220.8

3%

Taxes on international trade & transactions

16.9

17.6

4%

Other taxes

33.5

33.6

0.4%

Other revenues

80.7

83.6

4%

Total

956.2

835.1

(13%)

 
Actual Expenditure for 9M 2025:
 
Total actual expenditures for the nine-month period came in at SAR 1.0168 trillion, marking a slight increase of 0.3% YoY.
 

Actual Expenditure (SAR bln)

Expenditure

9M 2024

9M 2025

Change

Employee compensation 

416.0

430.1

3%

Use of goods & services

219.0

222.2

1%

Financing expenses

32.8

39.5

20%

Subsidies

28.7

28.0

(3%)

Grants

2.4

1.0

(58%)

Social benefits

84.2

86.2

2%

Other expenses

83.5

92.3

11%

Non-financial assets (CAPEX)

147.6

117.6

(20%)

Total

1014.2

1016.8

0.3%

 

The government allocated SAR 222.18 billion to the health and social development sector, SAR 172.68 billion to the military sector, and over SAR 156.82 billion to education in the first nine months of the 2025 budget.

 

Details of Actual Spending by Sector (SAR bln)

Sector

Allocation

Public Administration

41.33

Military

172.68

Security and Administrative Regions

94.68

Municipal Services

67.17

Education  

156.82

Health and Social Development

222.18

Economic Resources

68.12

Basic Equipment & Transportation

29.39

Public Items sector

164.48

Total

1016.84

 

Public Debt:

 

Saudi Arabia’s public debt rose to around SAR 1.466 trillion in the first nine months of 2025, compared with SAR 1.215 trillion at the end of 2024.

 

Public Debt (SAR bln)

Period

Total

2024

1215.92

9M 2025

1466.68

 

 

Public Debt (SAR bln)

Period

Domestic

Debt

External

Debt

Beginning of period balance

1215.92

738.02

477.67

Issuances/borrowing

257.02

75.44

Principal repayment

(65.12)

(16.57)

Amortization of government bonds

--

--

End of period balance

930.15

536.53

1466.68

 

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