{"id":93064,"date":"2025-01-05T00:00:00","date_gmt":"2025-01-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/05\/finmin-arranges-usd-2-5-bn-revolving-credit-facility-to-support-fiscal-needs\/"},"modified":"2025-01-05T00:00:00","modified_gmt":"2025-01-05T00:00:00","slug":"finmin-arranges-usd-2-5-bn-revolving-credit-facility-to-support-fiscal-needs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/05\/finmin-arranges-usd-2-5-bn-revolving-credit-facility-to-support-fiscal-needs\/","title":{"rendered":"FinMin arranges USD 2.5 bn revolving credit facility to support fiscal needs"},"content":{"rendered":"

FinMin <\/strong>secures<\/strong> USD 2.5 bn revolving credit facility:<\/strong> The National Debt Management Center (NDMC) arranged a USD 2.5 bn (SAR 9.4 bn) shariah-compliant revolving credit facility to support the state budget, it said in a statement<\/a>. The three-year facility was secured with the participation of three unnamed regional and international financial institutions. The story got ink in Reuters<\/a>.<\/p>\n

IN CONTEXT-<\/strong> Finance Minister Mohammed Al Jadaan said in November<\/a> that the Kingdom will tap local and global debt markets in 2025 to finance the budget gap. This will involve new bond and sukuk issuances for domestic and external markets in both local and foreign denominations, as well as alternative financing, he explained. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The budget deficit is expected to come in at 2.3% of GDP (SAR 101 bn) this fiscal year<\/strong> and to \u201ccontinue at similar levels over the medium term\u201d as the government continues to invest heavily in the diversification agenda, according to the budget statement for FY 2025<\/a>. <\/p>\n

The art of deficits:<\/strong> Deficits of SAR 100-140 bn can be beneficial, the minister explained, as long as the returns on public spending exceed the cost of borrowing. This rationale anchors the government\u2019s attitude towards fiscal expansion in 2025, 2026, and 2027, the minister explained. At the same time the government is mindful that fiscal expansion is only sustainable if debt is accessible at reasonable cost. Moreover, deficits should not overload the domestic economy and cause inflation. \u201cThis balance is very important,\u201d Al Jadaan said.<\/p>\n

ICYMI-<\/strong> The Finance Ministry raised SAR 11.6 bn from fixed-income investors<\/a> in its December sukuk issuance, up from SAR 3.4 bn in November.<\/p>\n","protected":false},"excerpt":{"rendered":"

The three-year facility saw participation from three unnamed financial institutions<\/p>\n","protected":false},"author":1,"featured_media":93065,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[57,10,273,272,567],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-ksa","tag-finance-ministry","tag-national-debt-management-center","tag-state-budget","wpautop","entry"],"acf":{"mongo_id":"e73b76e0-c30a-4d33-ab58-94fee23bf371","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2025.jpg","photo_position":"above","homepage_title":"","full_issue_title":"FinMin arranges USD 2.5 bn revolving credit facility to support fiscal needs","related_issue":[93050],"teaser":"The three-year facility saw participation from three unnamed financial institutions","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.fbc8edce-f45b-4fb1-a89c-6db220c16931.mp3"},"yoast_head":"\nFinMin arranges USD 2.5 bn revolving credit facility to support fiscal needs - 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