Saudi Arabia’s Ministry of Finance has issued the Pre-Funds Assertion for fiscal yr 2026, estimating whole expenditure at about SR1.313tn ($350bn) and whole income at SR1.147tn ($305bn), leading to a price range deficit of three.3 per cent of GDP.
The federal government confirmed it should preserve expansionary fiscal insurance policies geared toward nationwide priorities with social and financial affect, consistent with Saudi Imaginative and prescient 2030.
These insurance policies are designed to help financial diversification, long-term progress, and sustainability whereas responding flexibly to world and home challenges.
Saudi 2026 price range forecast
Because the launch of Imaginative and prescient 2030, the Saudi economic system has undergone structural reforms which have improved the enterprise setting, strengthened the non-public sector, and superior Sustainable Growth Objectives.
Preliminary forecasts for 2026 challenge actual GDP progress of 4.6 per cent, pushed by non-oil actions, that are anticipated to proceed increasing.
The Minisattempt initiatives revenues to rise from SR1.147tn ($305bn) in 2026 to SR1.294tn ($344bn) in 2028, whereas expenditure will improve from SR1.313tn ($350bn) in 2026 to SR1.419tn ($377bn) in 2028.
The acceleration of nationwide programmes and initiatives has delivered tangible positive factors and given the federal government monetary flexibility to undertake counter-cyclical insurance policies.
The assertion additionally initiatives that deficits will persist within the medium time period however at decrease ranges than in 2026, reflecting the federal government’s dedication to expansionary and transformative spending whereas preserving fiscal sustainability.
For 2025, actual GDP is anticipated to develop by 4.4 per cent, supported by a 5 per cent improve in non-oil actions. Rising home demand and improved employment have helped cut back Saudi unemployment to a file 6.8 per cent within the second quarter of 2025.
To finance the price range, the federal government plans to proceed utilizing native and worldwide funding channels, together with bonds, sukuk, and loans, whereas additionally increasing various funding equivalent to challenge finance, infrastructure financing, and export credit score companies.
Minister of Finance Mohammed Aljadaan mentioned the 2026 price range goals to consolidate the energy of the Kingdom’s monetary place whereas supporting financial progress.
He careworn that Saudi Arabia’s public debt-to-GDP ratio stays low and inside secure limits, supported by sturdy monetary reserves. This provides fiscal coverage the pliability to answer shocks or crises.
Aljadaan mentioned: “In gentle of the continued world uncertainty throughout 2026 and over the medium time period, on account of the opportunity of continued geopolitical tensions and rising preventive insurance policies, the federal government continues to observe and analyse these dangers, as a key ingredient in enhancing the effectivity of economic planning, and proactively information insurance policies to handle potential world financial challenges and cut back their unfavourable impacts”.
He added that the federal government will proceed growth initiatives and nationwide methods with focused spending to ship financial and social returns whereas motivating non-public sector participation.
The Pre-Funds Assertion, issued for the eighth consecutive yr, is a part of the Kingdom’s dedication to transparency and financial disclosure. It displays the federal government’s efforts to implement reforms which have strengthened Saudi Arabia’s fiscal place amid world financial uncertainty.
