Saudi 2027 Budget: 1392B Spending
The Saudi Ministry of Finance has revealed the budget for the fiscal year 2027, projecting total expenditures of approximately 1,392 billion riyals (371.2 billion USD), while estimated revenues amount to around 1,202 billion riyals (320.5 billion USD). The budget aims to support economic growth and implement developmental priorities, with a focus on diversifying revenue sources and achieving fiscal sustainability. It is expected that the deficit will be about 3.6% of the gross domestic product, based on policies centered on long-term planning. Additionally, the policies align with mitigating the impact of declining oil activities and utilizing diverse financing tools, while continuing to prioritize economic performance improvement through reforms and investments in projects with economic and social returns.
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