RIYADH: Saudi Finance Minister Mohammed Al-Jadaan confirmed on Wednesday that the government will maintain expansionary spending in the 2026 budget, emphasizing stability and medium-term planning.
He said total expenditure is expected to reach SR1.31 trillion ($348.9 billion) in 2026 and rise to about SR1.41 trillion by 2028, with revenue growth supported by accelerated economic expansion.
During a Dec. 3 press conference after the approval of the 2026 budget, Al-Jadaan stated: “Despite all spending on major strategies and projects, the government continues to focus on and improve basic services to enhance services provided to citizens, including education, health, social services, and municipal services, which are set to reach SR533 billion in 2026.”
He explained that the next stage — maximizing impact — will begin early next year, requiring significant work from both the government and private sector.
Al-Jadaan highlighted Crown Prince Mohammed bin Salman’s statement on the budget, which reviewed Vision 2030 achievements, government focus on citizens, and future directions, including the third phase of the Vision. He said: “Ninety-three percent of the targeted Vision 2030 performance indicators have been achieved or are on track, while 85 percent of initiatives have been completed or are progressing as planned. 299 Vision indicators have already met their targets ahead of 2030.”
