Saudi economy defies global headwinds in 2025

Saudi Arabia’s Ministry of Finance released the Kingdom’s 2025 budget performance, offering further evidence of an economy that continues to demonstrate resilience despite a challenging global environment. While lower oil revenues weighed on fiscal outcomes, the results also highlight the growing strength of the non-oil economy and the continued impact of the structural reforms underpinning Saudi Vision 2030. Total government revenue reached 93.9 percent of the approved budget, declining 6.1 percent from the projected SR1.18 trillion ($315.7 billion), largely due to lower oil income.