Saudi Arabia Macroeconomic Developments
- Saudi Arabia approved the state budget for fiscal year 2025 with revenues projected at SAR1.18 trillion ($315.73 billion) and expenditure at SAR1.28 trillion ($341.33 billion), leading to a deficit of SAR101 billion ($26.93).
- The Ministry of Finance forecasted Saudi Arabia’s Real GDP growth at 4.6 percent in 2025, up from the 0.8 percent estimate for 2024. This growth will be driven by a rise in non-oil sector activities.
- The Kingdom’s total debt is projected to reach SAR1.3 trillion ($347 billion) in 2025, equivalent to 29.9 percent of GDP, reflecting a sustainable level to meet financing needs.
