Second quarter revenue hits 338.7bn riyals
Saudi Arabia’s financial data for the second quarter of 2026 shows an increase in revenue to 338.7 billion riyals (90.3 billion USD), against expenditures of 373 billion riyals (99.5 billion USD), resulting in a deficit of 34.3 billion riyals (9.1 billion USD). This represents a 0.7% year-over-year decline. Oil revenues surged by 28% in the second quarter to reach 185 billion riyals (49.3 billion USD), while non-oil revenues grew by 32% during the same period, reflecting the Kingdom’s efforts to diversify income sources. Meanwhile, government spending decreased by 3.6% compared to the first quarter, totaling 373 billion riyals, with continued expenditure on the military sector—which accounted for half of the total military budget during the first half of the year. The Kingdom maintained a general reserve of 399 billion riyals (106.4 billion USD) at the end of the first half, continuing to balance developmental financing with reducing the fiscal deficit.
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