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الاقتصادية
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Saudi non-oil income hits record in Q2
Non-oil revenues in Saudi Arabia reached a record level in the second quarter of 2026, totaling 154 billion riyals, an increase of 3% year-on-year. This helped maintain their share at 45% of total revenues, despite continued declines in oil revenues due to the Iranian conflict and rising oil prices, which surged by 22% to reach 185 billion riyals. During this quarter, 41% of government spending was financed through non-oil revenues, a significant increase compared to 2011 when it accounted for only 10%. These figures result from economic diversification, improved tax management, and increased revenue from taxes on goods and services. Meanwhile, oil revenues grew markedly despite a 26% decrease in production to 7.2 million barrels. This diversification has helped Saudi Arabia adapt flexibly to the conditions of the war and maintain economic growth.
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