Saudi Arabia's 2025 Budget‎

The Kingdom of Saudi Arabia's 2025 budget is a statement issued by the Ministry of Finance in the Kingdom, detailing the state's revenues and expenditures for 2025. It was announced on November 26, 2024. The state's public revenues were estimated at SAR1,184 billion, while the approved expenditures amounted to SAR1,285 billion, resulting in an estimated deficit of SAR101 billion.

The Kingdom's 2025 budget outlines several key priorities, including continuing to strategically expand spending on developmental projects aligned with sectoral strategies and Saudi Vision 2030 programs and implementing programs and projects with economic, social, and sustainable environmental returns. The budget also focuses on developing the business environment to promote its attractiveness, improving the Saudi trade balance, and promoting the growth and diversification of domestic and international investments.

The Kingdom's 2025 budget aims to maintain the Kingdom's financial position and achieve economic sustainability by ensuring sustainable levels of public debt and significant government reserves to enhance the Kingdom's capability to handle external shocks.

The Kingdom's economic and financial reforms have resulted in notable improvements in financial and economic indicators, economic diversification, and financial stability. According to preliminary estimates for 2024, non-oil activities continue to play a key role in promoting gross domestic product (GDP) growth thanks to ongoing initiatives and reforms aimed at increasing the private sector's contribution to GDP and empowering it to become the primary driver of economic growth.

The Kingdom aims to continue national and international financing operations to cover the projected deficit in the Kingdom's 2025 budget and repay the principal debt maturing by 2025 in the medium term. The strategy involves leveraging available opportunities in capital markets to implement alternative government financing and fostering economic growth through targeted spending on strategic initiatives, megaprojects in the Kingdom, and programs under Saudi Vision 2030.

According to the Kingdom's 2025 budget figures, the public debt balance is expected to reach about SAR1,300 billion (29.9 percent of GDP) in 2025, compared to about SAR1,199 billion in 2024 (29.3 percent of GDP).

The Kingdom's 2025 budget estimates that the Kingdom will achieve the second-fastest GDP growth rate among major economies in 2025, at 4.6 percent, driven by the continued contribution increase in non-oil activities, which achieved a new record level of (52 percent) in 2024.

The Kingdom's 2025 budget targets maintaining government reserves at the Saudi Central Bank (SAMA) at the same level as in 2024, amounting to approximately SAR390 billion by the end of 2025.