Saudi Arabia plans 2027 budget of 1,392 billion riyals
The preliminary budget statement for Saudi Arabia's 2027 fiscal year projects government expenditures to reach 1,392 billion riyals and revenues to amount to 1,202 billion riyals, resulting in a deficit estimated at 3.6% of the gross domestic product. This reflects the kingdom's ongoing trend toward economic diversification and reforms aimed at achieving fiscal balance, while maintaining budget sustainability and supporting Saudi Vision 2030. The government continues to prioritize spending on key projects amid economic challenges, which helps mitigate the impact of the expected 3.6% decline in real GDP growth in 2026 due to decreasing oil activities.
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