- Budget deficit forecast at 2.3% of GDP as the Kingdom continues Vision 2030 initiatives
- Non-oil sectors gain importance in economic diversification efforts
Saudi Arabia’s Ministry of Finance released its Pre-Budget Statement for the fiscal year 2025 on Monday, outlining total estimated expenditure of SR1.29 trillion ($5.07 billion). Anticipated revenues stand at SR1.19 trillion, resulting in a projected budget deficit of SR101 billion, equivalent to 2.3% of the Kingdom’s GDP.
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