Saudi Arabia’s 2025 budget: 1.11 trillion riyals in revenue

Saudi Arabia recorded total revenues of 1.11 trillion riyals ($296 billion) in 2025, compared with total expenditures of 1.38 trillion riyals ($357.7 billion), resulting in a budget deficit of approximately 270 billion riyals ($61.7 billion).

The Finance Ministry said oil revenues amounted to 606.54 billion riyals ($161 billion), while non-oil revenues totaled 505.28 billion riyals ($134.6 billion), reflecting continued diversification efforts.

In the fourth quarter alone, Saudi Arabia posted a deficit of 94.85 billion riyals ($25.3 billion).

In December, the cabinet approved the 2026 budget, projecting total revenues of 1.147 trillion riyals ($305.67 billion) and an estimated deficit of 165.4 billion riyals ($44.1 billion). The 2026 plan includes a 2 percent increase in spending compared with the 2025 budget.

According to the Finance Ministry, Crown Prince Mohammed bin Salman directed ministers and officials to remain committed to implementing development and social programs outlined in the budget and to advance the goals of Vision 2030. He also instructed officials to prioritize Saudi citizens and focus on serving them.

The 2026 budget marks the beginning of the third phase of Vision 2030, which centers on accelerating delivery and intensifying implementation efforts.