Saudi Arabia approves 2026 budget with $306 billion projected revenue
Saudi Arabia has sanctioned its national budget for 2026 with a revenue projection of SR 1.15 trillion, which is about 306 billion dollars. This indicates a rise of 5.1% in comparison to 2025’s revenue estimate. The expenditure forecast shows a value of SR 1.31 trillion which is slightly above the previous year’s figures of SR 1.34 trillion.
The state will be running a budget deficit of approximately SR 165 billion, i.e., almost 3.3% of the GDP. The number is significantly lower than the year before. The expected deficit in that year was SR 245 billion (5.3% of the GDP), thereby depicting a gradual fiscal stabilization.
Besides spending more efficiently, the government plans to focus on raising the quality of the infrastructure and the standard of the public services in the upcoming year. These consist of future “giga-projects” under Vision 2030, which aim to revolutionize the Saudi economy, making it less dependent on oil and more diversified, developed and resilient in the long run.
Among the economic forecasts was real GDP growth of 4.6% in 2026, which is largely attributable to a 4.8% increase in the non-oil sectors. The government is therefore strongly committed to shifting the economic engine towards trade, private investment, the service sector and diversified industries.
The budget is a clear signal that the Saudi Arabian structural reforms are going on without interruption. Major public services, quality-of-life solutions, and investment-friendly measures seem to be at the core. Ministers were tasked with carrying out the budget’s programmes not only diligently but also at a good pace, by focusing on citizen welfare and social development.
Indeed, the budget presents a good case for long-term growth with its focus on stability and commitment. The global investors and the regional players are positioned to gain from this budget while the citizens and the residents are at the receiving end of the infrastructure and public services development, which brings them accessibility to enhance their living conditions.
The budget for 2026 is an indication that Saudi Arabia will continue to push through with its radical reform measures in order to create a better-performing economy that will be less reliant on resource-based growth and will be increasingly sustainable. This means for the Kingdom a stronger base of social and economic development in the near future.
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