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Pre-Budget 2027: Expenditure and Revenues
Saudi Arabia announced preliminary estimates for the 2027 fiscal year's budget, expecting total expenditures of 1.392 trillion riyals against revenues estimated at 1.202 trillion riyals, resulting in a deficit of approximately 3.6% of GDP. This budget comes as part of a long-term strategy focused on financing projects with economic and social returns, while strengthening non-oil revenues and diversifying the economy's sources, despite challenges arising from the global economic and geopolitical environment. The government anticipates continued growth in non-oil revenues, with totals rising from 1,202 billion riyals in 2027 to around 1,351 billion riyals by 2029, while maintaining fiscal sustainability and balancing expenditures to support Saudi Arabia's Vision 2030.
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