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وكالة الأنباء القطرية
Saudi Arabia projects 2027 spending at 1,392 billion riyals
Saudi Arabia has announced its budget expectations for 2027, projecting expenditures of 1,392 billion riyals and revenues of 1,202 billion riyals, resulting in a deficit estimated at 3.6% of the gross domestic product (GDP). Through the implementation of economic diversification initiatives and reforms, Saudi Arabia aims to support revenues and achieve financial sustainability, while continuing spending on developmental and strategic projects. Estimates also indicate that GDP will decline by 3.6% due to a 21.8% decrease in oil activities, despite positive non-oil growth continuing at 3.2%, with the non-oil sector's contribution rising to 57.3%. The forecasts show inflation increasing to 2.1%, and the unemployment rate declining to 6.5% in the second quarter of 2026.
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