RIYADH: Saudi Arabia is projected to generate SR1.15 trillion ($306 billion) in revenue in 2026, a 5.1 percent increase on the 2025 estimate, underscoring the gains from the Kingdom’s ongoing economic diversification agenda.
The 2026 budget, approved on Tuesday by Crown Prince Mohammed bin Salman during a Cabinet meeting in Dammam, sets total expenditure at SR1.31 trillion, slightly below the SR1.34 trillion planned for 2025, according to the Budget Statement released by the Ministry of Finance.
Total spending set at SR1.31 trillion, slightly lower than 2025’s SR1.34 trillion.
Budget deficit expected to reach around SR165 billion in 2026, or 3.3 percent of GDP, supported by targeted countercyclical spending policies.
Government to prioritize spending efficiency, infrastructure upgrades and public service improvements.
