AI Summary
The Ministry of Finance announced today, Feb. 23, the actual figures for Saudi Arabia’s 2025 budget, reporting revenues of SAR 1.11 trillion and total expenditure of SAR 1.38 trillion.
The Kingdom posted a budget deficit of SAR 277 billion.
The ministry had projected budget expenditure of SAR 1.33 trillion and revenues of SAR 1.09 trillion in 2025, implying a deficit of SAR 245 billion.
|
Actual Revenues & Expenditures (2000–2025) |
|||
|
Year |
Revenues (SAR bln) |
Expenditures (SAR bln) |
Surplus/(Deficit) (SAR bln) |
|
2025 (Actual) |
1111.8 |
1388.4 |
(276.6) |
|
2024 |
1259.1 |
1374.7 |
(115.6) |
|
2023 |
1212 |
1293 |
(81) |
|
2022 |
1268 |
1164 |
+104 |
|
2021 |
965 |
1039 |
(73) |
|
2020 |
782 |
1076 |
(294) |
|
2019 |
927 |
1059 |
(133) |
|
2018 |
906 |
1079 |
(174) |
|
2017 |
692 |
930 |
(238) |
|
2016 |
519 |
831 |
(311) |
|
2015 |
613 |
1001 |
(389) |
|
2014 |
1040 |
1141 |
(100) |
|
2013 |
1153 |
995 |
+158 |
|
2012 |
1247 |
917 |
+329 |
|
2011 |
1118 |
827 |
+291 |
|
2010 |
741 |
654 |
+87 |
|
2009 |
510 |
596 |
(87) |
|
2008 |
1101 |
520 |
+581 |
|
2007 |
643 |
466 |
+177 |
|
2006 |
674 |
393 |
+280 |
|
2005 |
564 |
346 |
+218 |
|
2004 |
392 |
285 |
+107 |
|
2003 |
293 |
257 |
+36 |
|
2002 |
213 |
234 |
(21) |
|
2001 |
228 |
255 |
(27) |
|
2000 |
258 |
235 |
+23 |
|
Actual Revenues & Expenditure for 2025 (SAR bln) |
|||
|
Period |
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 |
276.7 |
371.6 |
(94.9) |
|
2025 (Actual) |
1111.8 |
1388.4 |
(276.6) |
Saudi Arabia’s 2025 oil revenue reached around SAR 606.5 billion, while non-oil revenue stood at SAR 505.3 billion.
|
Actual Revenues Breakdown for 2025 (SAR bln) |
|||
|
Revenues |
2024 |
2025 |
Change |
|
Oil revenues |
756.6 |
606.54 |
(20%) |
|
Non-oil revenues |
502.5 |
505.28 |
+1% |
|
Taxes on income, profit & capital gains |
31.58 |
34.06 |
+8% |
|
Taxes on goods & services |
288.8 |
294.34 |
+2% |
|
Taxes on int’l trade & transactions |
24.5 |
24.29 |
(1%) |
|
Other taxes |
35.6 |
36.23 |
+2% |
|
Other revenues |
121.9 |
116.36 |
(5%) |
|
Total |
1259.1 |
1111.8 |
(12%) |
Actual expenditure for 2025 reached approximately SAR 1.38 trillion, marking a 1% increase compared with the same period in 2024.
|
Actual Expenditure in 2025 (SAR bln) |
|||
|
Expenditure |
2024 |
2025 |
Change |
|
Employee compensation |
562.26 |
574.53 |
+2% |
|
Use of goods & services |
313.02 |
316.34 |
+1% |
|
Financing expenses |
44.56 |
54.47 |
+22% |
|
Subsidies |
34.01 |
35.91 |
+6% |
|
Grants |
4.21 |
5.19 |
+23% |
|
Social benefits |
101.40 |
99.32 |
(2%) |
|
Other expenses |
124.59 |
134.16 |
+8% |
|
Non-financial assets (CAPEX) |
190.66 |
168.51 |
(12%) |
|
Total |
1374.72 |
1388.43 |
+1% |
|
Public Debt (SAR bln) |
|
|
Period |
Total |
|
2024 |
1215.92 |
|
2025 |
1519.01 |
|
Public Debt by Q4 2025-End (SAR bln) |
||
|
Period |
Domestic Debt |
External Debt |
|
Beginning of period balance |
1215.92 |
|
|
738.25 |
477.67 |
|
|
Issuances/borrowing |
277.46 |
124.19 |
|
Principal repayment |
72.36 |
26.2 |
|
Amortization of government bonds |
0 |
0 |
|
End of period balance |
943.35 |
57.65 |
|
1519.01 |
||
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