Saudi Arabia projects 2027 budget deficit at 3.6% of GDP
JEDDAH: Saudi Arabia has projected a fiscal deficit equivalent to 3.6 percent of gross domestic product in 2027, with total expenditure estimated at SR1.39 trillion ($370.21 billion) and revenue projected at SR1.20 trillion, the Finance Ministry said in a pre-budget statement on Wednesday. The pre-budget statement reflects the Kingdom’s commitment to funding development priorities while maintaining fiscal sustainability. The statement projected revenues to increase to SR1.351 trill
Source: Arab News