Saudi Arabia forecast to spend $371B in 2027
Saudi Arabia's 2027 budget forecasts an expenditure of approximately $371 billion, with revenues of $320.5 billion, resulting in a deficit of around $50.7 billion, or about 3.6% of the GDP. This spending aims to support development projects and economic reforms, as the Kingdom continues to manage its budget flexibly through domestic and international financing via bonds and sukuk. There is a strong emphasis on diversifying revenue sources and achieving fiscal sustainability despite geopolitical challenges and an anticipated 21.8% drop in oil production in 2026.
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