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2027 Budget and Saudi Economic Outlook
The Saudi Ministry of Finance has released the preliminary budget statement for 2027, highlighting that the Saudi economy remains strong and resilient despite geopolitical and regional challenges. The budget projects revenues of 1.202 trillion riyals, with expenditures estimated at 1.392 trillion riyals, resulting in a fiscal deficit of approximately 3.6% of GDP (191 billion riyals). Saudi Arabia also anticipates a record growth in real GDP of 12.8%, with the economy expanding to more than 5.358 trillion riyals. Continued efforts to diversify the economy and boost non-oil activities remain a focus, with these sectors contributing 57.3% of the output during the first half of 2026. The statement also demonstrates the Kingdom’s ability to maintain fiscal sustainability through substantial reserve assets and sustainable public debt. Additionally, the Public Investment Fund continues its investments, exceeding 3.4 trillion riyals, accounting for 11% of the non-oil GDP.
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