Saudi Arabia forecasts $370B spending in 2027

The Saudi Ministry of Finance has released a preliminary budget statement for 2027, projecting that the country's expenditures will reach approximately $370 billion (1.392 trillion riyals), while revenues are expected to amount to around $320 billion (1.202 trillion riyals). The budget deficit is anticipated to be 3.6% of the gross domestic product (GDP), reflecting a fiscal policy aimed at supporting economic growth while maintaining fiscal sustainability. Non-oil revenues are expected to increase to about $134 billion by 2025, with the GDP anticipated to decline by 3.6% in 2026 due to a 21.8% decrease in oil activity. The government plans to issue bonds and sukuk to fund projects, continuing efforts to diversify the economy in line with Saudi Arabia's Vision 2030.

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