{"id":93110,"date":"2025-01-06T00:00:00","date_gmt":"2025-01-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/06\/finmin-approves-sar-139-bn-public-borrowing-plan-for-2025\/"},"modified":"2025-01-06T00:00:00","modified_gmt":"2025-01-06T00:00:00","slug":"finmin-approves-sar-139-bn-public-borrowing-plan-for-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/06\/finmin-approves-sar-139-bn-public-borrowing-plan-for-2025\/","title":{"rendered":"FinMin approves SAR 139 bn public borrowing plan for 2025"},"content":{"rendered":"

Finance Minister Mohamed Jadaan approved the Kingdom\u2019s borrowing plan <\/strong>for <\/strong>FY 2025, outlining a requirement for some SAR 139 bn in new public debt<\/strong>, according to a National Debt Management Center (NDMC) statement<\/a>. Aljadaan\u2019s approval comes following a decision by NDMC\u2019s BoD to endorse the yearly borrowing plan.<\/p>\n

The targeted amount is intended to bridge an <\/strong>anticipated SAR 101 bn budget deficit<\/a><\/strong> that FinMin penciled in for the new fiscal year, in addition to covering some SAR 38 bn required to meet principals\u2019 repayments for loans maturing during the period. The budget deficit is expected to \u201ccontinue at similar levels over the medium term\u201d as the government continues to invest heavily in the diversification agenda.<\/p>\n

Footing the bill:<\/strong> The Kingdom intends to diversify its borrowing portfolio during the new fiscal year, as it looks to expand its creditor base by tapping fresh local and foreign lenders, the statement explained. In addition to sovereign debt issuances, prospects in \u201cexport credit agency financing, infrastructure development project financing, capital expenditure (CAPEX) financing,\u201d as well as new markets and denominations are also on the cards, subject to market dynamics. <\/p>\n

IN CONTEXT-<\/strong> The budget deficit is expected to come in at 2.3% of GDP (SAR 101 bn) this fiscal year, according to the new year\u2019s budget statement. The government will not raise taxes to meet the shortfall<\/a>, Al Jadaan told media outlets following the budget statement release, but will rather tap local and foreign debt markets as it looks to benefit from the interest rate reversal and decreased cost of borrowing. <\/p>\n

ICYMI:<\/strong> The National Debt Management Center (NDMC) secured a USD 2.5 bn (SAR 9.4 bn)<\/a> shariah-compliant revolving credit facility earlier this week to support the state budget. The three-year facility was secured with the participation of three unnamed regional and international financial institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"

FinMin looks to tap fresh local and foreign lenders in FY 2025<\/p>\n","protected":false},"author":1,"featured_media":93111,"comment_status":"","ping_status":"open","sticky":false,"template":"","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-93110","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":"a227c487-b94f-4b57-827f-4d12f96d3464","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2661.jpg","photo_position":"above","homepage_title":"","full_issue_title":"FinMin approves SAR 139 bn public borrowing plan for 2025","related_issue":[93102],"teaser":"FinMin looks to tap fresh local and foreign lenders in FY 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.9ce8b4fc-0977-4ceb-a547-09615946dda1.mp3"},"yoast_head":"\nFinMin approves SAR 139 bn public borrowing plan for 2025 - 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