Crown Prince directs ministers, officials to actively implement 2026 budget

Crown Prince and Prime Minister Mohammed bin Salman

Crown Prince and Prime Minister Mohammed bin Salman emphasized that the 2026 state budget reinforces the Kingdom’s commitment to placing the welfare of citizens at the forefront of government priorities.

He noted that the significant achievements realized are thanks to God, the guidance of the Custodian of the Two Holy Mosques, and the efforts of the Kingdom’s sons and daughters.

The Crown Prince directed ministers and officials—each in their respective areas—to actively implement the programs and projects outlined in the budget, including development and social initiatives that support the objectives of Saudi Vision 2030, with citizens and their services as top priorities.

According to the Saudi Press Agency (SPA), he highlighted that the structural transformation achieved since the launch of Vision 2030 has contributed to improving non-oil sector growth, keeping inflation below global averages, enhancing the business environment, strengthening the private sector’s role as an active development partner, and positioning the Kingdom as a global economic and investment hub.

The Crown Prince noted that the government continues to support economic growth and maintain fiscal sustainability, enhancing the local economy’s resilience to global fluctuations while sustaining development momentum.

This is being achieved through flexible and disciplined fiscal, economic, and social policies, long-term planning, and systematic use of sovereign financing tools under a medium-term debt strategy.

He praised the positive indicators of the Saudi economy as a continuation of ongoing reforms under Vision 2030. Preliminary estimates indicate real GDP growth of 4.6%, driven by non-oil activities, which grew 4.8%, maintaining their central role in economic expansion.

The Crown Prince affirmed that the 2026 budget demonstrates the government’s commitment to strengthening the resilience and flexibility of the local economy, supporting sustainable growth, and enabling it to overcome global economic challenges.

He reiterated the Kingdom’s focus on diversifying the economic base, stimulating investment, and accelerating economic transformation in line with Vision 2030 goals.

According to data available with Argaam, the Council of Ministers approved the 2026 state budget today, Dec. 2, setting public expenditures at SAR 1.31 trillion and estimating total revenues at SAR 1.14 trillion, resulting in an expected deficit of SAR 165.4 billion.