Saudi Arabia seeks $58bn to meet 2026 budget deficit
Saudi Arabia has approved its 2026 borrowing plan, with projected funding increasing almost 56 percent from 2025 to SAR217 billion ($58 billion), according to the finance ministry.
This amount is slated to cover an anticipated budget deficit of SAR165 billion or 3.3 percent of gross domestic product, for the year, as outlined in the ministry’s budget statement, the state-run Saudi Press Agency said.
The funding will also be used to repay principal on debt maturing during the year, amounting to SAR52 billion.
Riyadh estimated funding of SAR139 billion in 2025 to cover its potential budget
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