Saudi Arabia's 2025 Budget: Balancing Act

Saudi Arabia's budget for 2025 has been approved by Crown Prince Mohammed bin Salman. It involves a planned deficit of 101 billion riyals, with spending set at 1.285 trillion riyals and anticipated revenues of 1.184 trillion riyals, as reported by state media.

In a major fiscal announcement, Saudi Crown Prince Mohammed bin Salman has approved the national budget for 2025, according to state media reports on Tuesday.

The outlined budget projects a deficit of 101 billion riyals, roughly equivalent to $26.88 billion, as part of the coming fiscal plan.

State figures propose expenditure of 1.285 trillion riyals against total revenues of 1.184 trillion riyals. The exchange rate is noted as $1 to 3.7568 riyals.

(With inputs from agencies.)