Saudi Arabia records $70.3 billion in revenue in Q1 2025

Saudi Arabia’s finance ministry announced Monday that total revenues for the first quarter of 2025 reached approximately 263.6 billion riyals ($70.3 billion). Of that, 149.8 billion riyals ($39.9 billion) came from oil revenues.

The figures come as the Kingdom continues its efforts to diversify income sources and strengthen long-term fiscal sustainability.

Official data revealed a budget deficit of 58.7 billion riyals ($15.6 billion) for the same period, reflecting an increase in public spending. The rise aligns with the Kingdom’s broader strategy to stimulate economic growth and push forward with large-scale development projects under its Saudi Vision 2030 initiative.

Through its fiscal policies, Saudi Arabia is seeking to strike a balance between development-focused spending and deficit management. The Kingdom continues to support non-oil sectors and promote investment, amid a global economic climate marked by volatility and ongoing challenges.