Saudi Arabia's deficit drops to 34.3B riyals

Saudi Arabia's budget recorded a deficit of 34.3 billion riyals in the second quarter of 2026, the lowest in seven quarters, according to a report from the Ministry of Finance. The deficit decreased by approximately 91.4 billion riyals compared to the first quarter of the year and by 200 million riyals compared to the second quarter of 2025. Actual revenues reached 338.8 billion riyals, including 185.1 billion riyals from oil revenues and 153.7 billion riyals from non-oil revenues. This reflects ongoing efforts to diversify income sources as part of Saudi Arabia’s Vision 2030 to achieve financial sustainability and reduce dependence on oil.

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