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عربي21
Saudi Arabia 2027 Budget Outlook
The Saudi Ministry of Finance expects the 2027 budget to record a deficit of approximately 3.6% of GDP, with ongoing spending on developmental priorities amounting to 1.392 trillion riyals. Despite an anticipated decline of 21.8% in oil activities, non-oil sectors are expected to grow by 3.2%. The government projects that revenues for 2024 will reach 1,190 billion riyals, while expenditures will total 1,435 billion riyals, resulting in an estimated deficit of 245 billion riyals. Saudi Arabia continues to finance its deficit through bonds and sukuk, with plans to sustain this financing until 2027, while maintaining focus on supporting projects outlined in Saudi Vision 2030 and ensuring fiscal sustainability amidst geopolitical challenges.
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