Saudi Arabia’s 2026 Budget: A Clear Path to Resilient Growth Saudi Arabia has unveiled its preliminary budget for 2026, highlighting a financial framework that reflects both economic resilience and forward-looking ambition. 🔅 Key Economic Outlook ▪️ Real GDP is projected to grow by 4.6%, fueled by non-oil activities expanding at 5%. ▪️ Revenues are estimated at 1,147 billion riyals ($305.9 billion) against expenditures of 1,313 billion riyals ($350.1 billion), with a fiscal deficit of 3.3% of GDP. ▪️ Inflation is expected to remain steady at 2.3%, while unemployment among Saudis has already declined to 6.8% in Q2 2025—achieving a core Vision 2030 target ahead of schedule. 🔅 Strategic Fiscal Policy ▪️ The government continues its counter-cyclical expansionary spending, directing resources toward high-impact projects with economic and social returns. ▪️ Fiscal sustainability is reinforced through a balanced approach of debt management, domestic and international financing, and alternative funding solutions. 🔅 Vision 2030 – Phase Three ▪️ Starting in 2026, the Kingdom enters the third phase of Vision 2030—one focused on accelerated execution, deepened structural reforms, and expanding growth opportunities. ▪️ This phase underscores Saudi Arabia’s commitment to transforming its economic base, empowering the private sector, and enhancing resilience against global volatility. 🔅 Long-Term Perspective ▪️ Expenditures are set to rise to 1,419 billion riyals ($378.1 billion) by 2028, matched by revenue growth to 1,294 billion riyals ($344.8 billion). ▪️ Fiscal deficits are projected to narrow gradually as structural reforms and diversified investments strengthen the Kingdom’s economic foundations. Saudi Arabia’s 2026 budget is more than a fiscal plan—it is a roadmap for sustainable growth, global competitiveness, and long-term economic resilience. #SaudiArabia #Budget2026 #Vision2030 #EconomicGrowth #FiscalPolicy #GlobalEconomy #MiddleEast #Sustainability #PublicFinance #NonOilEconomy
Talha T.
1mo
A well structured budget that reflects Saudi Arabia’s commitment to fiscal discipline, economic diversification, and the long term objectives of Vision 2030
Saudi Arabia’s 2026 budget signals disciplined ambition: steady growth, structural reforms, and a clear push to diversify beyond oil. Resilience isn’t accidental—it’s planned Mohammed H. Al Qahtani.
MyongHak J.
1mo
Clear roadmap and bold execution, Saudi Arabia’s 2026 budget looks like a strong signal of resilience and long-term ambition.
Jim Callaway
1mo
Thank you. As clear a report, and context, on the Future Kingdom....not the Future of the Kingdom....the Future Kingdom. No other Nation binds your future, one consequence of the complex events that have occurred, in the multiple theaters you know well. So much historically suspect baggage, most of which will never be disclosed...much less explained, .....baggage...... expectations that weigh down and prevents the Direct National Strategy....now being championed and that the United States is now proclaiming and pursuing. When you have a solid economy, good fiscal balance, a decent National Defense Force and Posture, you can select another option. "We choose to not be a pawn in the greater World Digital currency power game". No more being a Pawn(s)....., a lot more MKLFC. Make the Kingdom the Leader for the Future we know is Coming. Peace
🌍 A remarkable testament to foresight and fortitude, Mr. Al Qahtani. Saudi Arabia's 2026 budget doesn't merely outline numbers — it articulates intention. It reflects a nation shifting from reliance to resilience, from fiscal management to future architecture. The alignment of economic diversification, social empowerment, and technological ambition is not just policy — it's the poetry of transformation. Vision 2030's third phase stands as both compass and catalyst — where prosperity is redefined through sustainability, and progress is measured not only in GDP, but in generational impact. 📈 This is not growth by chance — it is growth by design. A model where economic wisdom meets human will, and the desert once defined by scarcity now leads the world in abundance of vision. 🌿
Impressive overview Mohammed H. Al Qahtani. One nuance worth spotlighting is that the 2026 budget subtly shifts from oil dependency to capital-driven growth, non-governmental Gross Fixed Capital Formation, and Private Final Consumption Expenditure now lead GDP contributions. This signals a maturing investment ecosystem and rising household confidence.
A well-structured and forward-looking budget Ideal model for other countries
Alejandro G.
1mo
Mohammed H. Al Qahtani, with expenditures projected at $350.1B against revenues of $305.9B, the fiscal deficit is around 3.3% of GDP, but if we isolate the non-oil economy, roughly 45–50% of total GDP, the effective fiscal gap could translate into something closer to 6–7% relative to the non-oil base. How do you see this ratio evolving as Vision 2030 enters Phase Three? Can non-oil expansion truly anchor fiscal resilience, or will long-term debt dynamics still hinge on oil cycles?
The budget also signals a growing confidence in the Kingdom’s ability to balance fiscal discipline with bold investments, a hallmark of long-term economic maturity Mohammed H. Al Qahtani
Chairman of Deyuan Branding Strategy Consultancy Co., Ltd.
1moMohammed, this isn't just a budget—it's a credibility test. What matters most: Growth redefined: 4.6% GDP, with non-oil at 5%—proof the engine is diversifying. Stability kept: 2.3% inflation, 3.3% deficit used as investment fuel. Vision advanced: Saudi unemployment at 6.8%, beating Vision 2030 goals early. Phase Three = less vision, more velocity: structural reform, private-sector lift, execution discipline. Pocket truths: Deficits that build productivity aren't costs—they're compounding assets. Non-oil isn't narrative—it's cash flow. Stability = shock absorbers, not silence. In short: from blueprint → balance sheet → lived prosperity.