Saudi budget deficit drops over 70% in Q2
Saudi Arabia's revenues in the second quarter of 2026 saw an increase of over 30%, reaching 338.8 billion riyals. This growth was supported by a 28.5% rise in oil revenues, which amounted to 185.1 billion riyals. Meanwhile, total expenditure decreased by 3.4%, totaling 373 billion riyals. The budget deficit also shrank by more than 70% compared to the previous quarter, falling to 34.3 billion riyals, driven by prudent spending measures and rising revenues. Compared to the same period last year, revenues increased by 12%, and expenditures rose by 11%.
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