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Insights

Saudi Arabia’s 2027 Preliminary Budget Statement

Budget Report

The government estimates the 2026 budget deficit at SAR 245b (4.9% of GDP) - larger than planned (SAR165b), but smaller than the deficit in 2025 (SAR 277b).

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Q1 2026 Budget statement: (Oil revenue will boost budget after record deficit in Q1)

Budget Report

·The budget deficit widened to SAR126b in Q1-26, as spending grew by 20% year-on-year while revenue edged down.  

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2026 Saudi Fiscal Budget

Budget Report

The government estimates that the budget deficit widened to SAR 245b (5.3% of GDP) in 2025, largely due to lower oil revenue.  

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Saudi Arabia’s 2026 Preliminary Budget Statement

Budget Report

The Ministry of Finance (MoF) has published the preliminary budget statement (PBS) for fiscal year 2026 and the mid-year report (MYR) with detailed estimates for 2025 budget outturns.  

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Q2 2025 Budget Statement: (Non-oil revenue up and spending under control)

Budget Report

The central government recorded a fiscal deficit of SR34.5 billion in Q2-25, smaller than the SR58.7 billion deficit in Q1-25 due to higher non-oil revenue.

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