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Saudi Arabia Greenlights 2026 Budget with USD44.1B Projected Deficit
(MENAFN) The Saudi government greenlit its 2026 fiscal plan on Tuesday, projecting a shortfall of 165.4 billion riyals ($44.1 billion USD), according to official announcements.
The kingdom anticipates collecting approximately 1.1 trillion riyals in revenues while allocating roughly 1.3 trillion riyals for spending, Saudi media disclosed.
Crown Prince and Prime Minister Mohammed bin Salman Al Saud, who leads the Council of Economic and Development Affairs, instructed government officials to execute the budget's initiatives in alignment with Saudi Vision 2030 objectives, prioritizing citizen welfare and public service delivery, media confirmed.
Finance Minister Mohammed Al Jadaan stated via platform X that the financial framework demonstrates the administration's dedication to channeling funds toward strategic national objectives, bolstering economic expansion, and diversifying revenue streams beyond petroleum sectors.
The fiscal blueprint underscores the kingdom's ongoing efforts to transform its economy while managing substantial public expenditures amid regional economic shifts.
The kingdom anticipates collecting approximately 1.1 trillion riyals in revenues while allocating roughly 1.3 trillion riyals for spending, Saudi media disclosed.
Crown Prince and Prime Minister Mohammed bin Salman Al Saud, who leads the Council of Economic and Development Affairs, instructed government officials to execute the budget's initiatives in alignment with Saudi Vision 2030 objectives, prioritizing citizen welfare and public service delivery, media confirmed.
Finance Minister Mohammed Al Jadaan stated via platform X that the financial framework demonstrates the administration's dedication to channeling funds toward strategic national objectives, bolstering economic expansion, and diversifying revenue streams beyond petroleum sectors.
The fiscal blueprint underscores the kingdom's ongoing efforts to transform its economy while managing substantial public expenditures amid regional economic shifts.
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