5 Hrs
Source:
الاقتصادية
Saudi 2027 budget hits record 1.39T riyals
Saudi Arabia's 2027 budget reveals a significant increase in expenditure, with expenses estimated at around 1.39 trillion Riyals, making it the largest in the country's history. A deficit of approximately 3.6% of the gross domestic product (GDP) is also projected. The budget comes as part of the government's efforts to achieve fiscal sustainability and diversify revenue sources through ongoing economic reforms initiated under Saudi Vision 2030. These initiatives aim to support non-oil growth and enhance the economy's resilience in the face of global geopolitical and economic challenges. The budget forecasts revenues reaching approximately 1.2 trillion Riyals, with a gradual increase in non-oil revenues. Meanwhile, spending on developmental projects and strategic priorities remains central to achieving the goals outlined in the future vision.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)