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FinMin approves SAR 139 bn public borrowing plan for 2025
FinMin looks to tap fresh local and foreign lenders in FY 2025
FinMin arranges USD 2.5 bn revolving credit facility to support fiscal needs
The three-year facility saw participation from three unnamed financial institutions
Al Jadaan outlines next year’s fiscal policy
Saudi will bridge the budget deficit by tapping local and international debt markets
FinMin outlines budget for FY 2025
GDP growth next fiscal year is set to come from the non-oil sector and private sector contributions
FinMin expects growth to jump to 4.6% in 2025
The budget deficit is expected to narrow next year
Saudi records budget deficit in 2Q 2024
Total expenditures for 2Q 2024 rose 15% y-o-y to reach SAR 368.9 bn
Wherein the WSJ takes an interest in our public finances
Officials have previously signaled we’d be borrowing — and pacing out select projects
Budget deficit for FY 2023 is better than FinMin had forecast
This is slightly narrower than government projections of SAR 82 bn
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