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
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Oil revenues represented nearly 56% of the total government revenues during the quarter
The oil sector posted the highest quarterly expansion in three years, with an 8.2% growth in 3Q
Oil exports jumped 7% y-o-y to SAR 69.8 bn in August 2025
The uptick will be boosted by higher oil production
The upward revision is boosted by an increase in crude output, coupled with a robust non-oil sector
Housing, water, electricity, gas, and other fuels saw a 5.2% y-o-y increase during the month
This forecast comes as the Kingdom continues its efforts to diversify the economy and reduce its reliance on the oil…
Moody’s expects the kingdom’s fiscal deficit to widen to 5% of GDP in 2025
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