Abdurrahman

6 May 2026

Saudi Arabia reported a budget deficit of SR125.7 billion in the firs… – Abdurrahman

Saudi Arabia reported a budget deficit of SR125.7 billion in the first quarter of 2026, driven by declining oil revenues and increased government spending. While oil income remained the largest contributor, non-oil revenues saw modest growth supported by taxes on goods and services. The data reflects ongoing economic shifts as the Kingdom diversifies its revenue sources. #SaudiArabia #Economy #Budget #Oil #Finance #Vision2030 #Growth #MiddleEast #Business #EconomicNews