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Saudi deficits set to persist through 2029 as borrowing costs become the pressure point
The preliminary budget projects deficits in every year through 2029 with substantial reserves still covering the borrowing, but rising rates…
Tightening the belt
The cuts target discretionary and operational spending across ministries
Wall Street analysts see wider Saudi budget deficit in 2026
Government banks on revenue recovery and higher oil output, but banks see the budget deficit staying near 5-6% of GDP
FY2026 budget unveiled ahead of a new Vision 2030 phase
Total spending is expected to decline to SAR 1.31 tn next year
Opec+ to raise output, then hold steady through 1Q 2026
PLUS- Riyadh schools are on the winter schedule
Budget deficit expands in 3Q 2025 to highest level in 5 years
Oil revenues represented nearly 56% of the total government revenues during the quarter
EFG Hermes projects real GDP to grow 4.5% this year
Saudi Arabia’s total public debt is expected to close the year at around 30% of GDP
Saudi plugs budget gap with spending brake in 2Q 2025
Non-oil revenue saw a modest rise, but falling oil receipts continued to pressure overall income
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