Finance Ministry emphasizes balanced growth approach
The Saudi Ministry of Finance has revealed preliminary data for the 2027 general budget, projecting expenditures of 1.39 trillion riyals and revenues of 1.2 trillion riyals, resulting in an approximate deficit of 3.6% of the Gross Domestic Product (GDP). These projections are part of a fiscal policy that balances supporting growth with implementing development priorities, while maintaining a continued focus on economic reforms that have contributed to diversifying the economic base and improving the business environment. The ministry also anticipates revenues rising to 1.35 trillion riyals by 2029, with ongoing spending on projects that deliver economic and social returns. Non-oil activities are expected to remain a primary driver of growth, despite a 3.6% decrease in GDP in 2026 due to a 21.8% decline in oil activity.
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