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2026-10-01T12:00:09.611Z

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2027 Budgets and Saudi Economic Changes

2027 Budgets and Saudi Economic Changes

The Saudi Ministry of Finance has issued an introductory statement regarding the 2027 budget, affirming that the Saudi economy is strong and capable of adapting to global changes despite geopolitical and regional challenges. The budget aims to generate revenues of 1.202 trillion riyals, with potential expenditures reaching 1.392 trillion riyals, resulting in a deficit close to 3.6% of gross domestic product. The economy is expected to achieve a record growth rate in real GDP of 12.8% in 2027, with the assets of the Public Investment Fund exceeding 3.4 trillion riyals. A non-oil sector will account for 57.3% of GDP during the first half of 2026. Flexible fiscal policies and substantial reserves are among the key factors supporting the ability to implement economic diversification projects and achieve the goals of Saudi Vision 2030.

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