Saudi Arabia's Quarterly Deficit Balloons to $33.5 Billion, Driven by ...

Saudi quarterly deficit highest since 2018

Saudi Arabia recorded its biggest quarterly deficit since 2018 as the kingdom ramped up spending to offset the effects of the Iran war and a slowing domestic economy. Spending on new projects surged by more than 50% compared to a year earlier, with military and transport outlays also up significantly.The kingdom has managed to divert most of its oil exports to ports on the west coast, helping to shore up declining government revenues. It has als…

Saudi Arabia posts $33.5bn budget deficit amid drop in oil sales

Kingdom announces sharp rise in budget shortfall amid the effective closure of the Strait of Hormuz.

Saudi Arabia Sees Widest Deficit Since 2018 on More Spending

Saudi Arabia’s fiscal deficit widened in the first quarter to the highest level since 2018 as spending on projects to diversify the economy continued to rise.

Saudi Arabia posts SR125.7 billion Q1 deficit as oil revenues decline

Saudi Arabia recorded a SR125.7 billion budget deficit in Q1 2026 as oil revenues fell to SR144.7 billion, while spending rose to SR386.7 billion, according to the Ministry of Finance.

Saudi Arabia's quarterly deficit balloons to $33.5 billion, driven by ...