Saudi 2025 budget sees lower deficit on spending trims

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Saudi 2025 budget sees lower deficit on spending trims

Saudi Arabia on Tuesday approved a budget for 2025 that projected a smaller deficit than last year as officials recalibrate a reform drive meant to transition the economy away from oil. The expected deficit of $26.8 billion, amounting to 2.3 percent of GDP, is down from a 2024 deficit of $30.6 billion, or 2.8 percent of GDP, according to the budget published by the finance ministry.That reflects a drop in expenditures from 1.345 trillion Saudi r…

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Saudi Arabia's 2025 Budget Forecasts $27 Billion Fiscal Deficit Amid Ongoing Major Project Expenditures

Saudi Arabia’s budget deficit is projected at 2.3% of GDP, aligning with earlier forecasts. The government aims to sustain strategic investments linked to Vision 2030 despite challenges from falling oil prices. The total budget for 2025 is set at 1,285 billion riyals, with a focus on infrastructure and economic diversification. While some Vision 2030 projects […]

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Riyadh - Mubasher: The deficit in the budget next year, which is mainly the result of increased spending on projects, will generate an economic return that exceeds the cost of borrowing to cover it, Finance Minister Mohammed Al-Jadaan said in an interview with Asharq Al-Awsat-Bloomberg today.

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Riyadh, 24 Jumada Al-Awwal 1446 AH corresponding to November 26, 2024 AD, SPA - The Ministry of Finance announced today the final statement of the state’s general budget for the fiscal year 2025 AD, expecting total expenditures to reach about 1,285 billion riyals, and total revenues to reach about 1,184 billion riyals, amid estimates of recording a deficit of 101 billion riyals, representing about 2...

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Saudi Arabia approves 2025 budget that foresees $27bln fiscal deficit

The deficit is in line with a preliminary government projection made in September and would equate to about 2.3% of gross domestic product

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Algeria.. The National People’s Assembly approved by majority the largest budget in the country’s history – Archyde

Archyde The draft law was voted on during a public session chaired by the President of the National People’s Assembly, Ibrahim Bougali, in the presence of Finance Minister Laziz Fayed and members of the government. The representatives also voted on the proposed amendments to the draft law included in the supplementary report of the House Finance […] You can read the full story here: Algeria.. The National People’s Assembly approved by majority t…