Crown Prince says PIF to continue support for Vision objectives

02/12/2025 Argaam
Crown Prince and Prime Minister Mohammed bin Salman

Crown Prince and Prime Minister Mohammed bin Salman

Crown Prince and Prime Minister Mohammed bin Salman said that the Public Investment Fund (PIF) will continue to support the achievement of Saudi Vision 2030 objectives.

 

PIF is committed to developing promising strategic sectors and forming strategic economic partnerships, integrating with the efforts to diversify the local economy, thus boosting its resilience and state budget sustainability over the long term.

 

The Crown Prince further stressed that this comes in addition to the role of the National Development Fund (NDF) and its affiliated development funds, which complement the role of the state budget in driving growth and achieving economic diversification, state-run news agency SPA reported.

 

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.

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