Saudi Arabia's Q2 revenue rises 12%

The Saudi budget during the second quarter of 2026 saw a 12% year-on-year increase in revenues, reaching 338.8 billion riyals (90.3 billion USD). This growth was supported by a 22% rise in oil revenues, amounting to 185.1 billion riyals (49.4 billion USD), and a 3% increase in non-oil revenues, totaling 153.7 billion riyals (41 billion USD). Despite geopolitical tensions and market disruptions, the Saudi economy maintained its capacity to increase its financial resources, with continued growth in spending on priority sectors. Expenditures amounted to 373.1 billion riyals (99.5 billion USD), resulting in a deficit of 34.3 billion riyals (9.1 billion USD). In the first half of the year, revenues rose to 599.8 billion riyals (159.9 billion USD), against total spending of 759.8 billion riyals (202.6 billion USD), leading to a cumulative deficit of 160 billion riyals (42.7 billion USD), fully financed through debt.

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