Riyadh cuts 2026 deficit forecast to $44bn amid pressure to expand non-oil revenue
This handout photo provided by the Royal Palace of Saudi Arabia shows Saudi Crown Prince Mohammed bin Salman signing the state budget during a cabinet meeting in the capital Riyadh on December 7, 2022. — AFP 2026 budget projects deficit of 165 billion riyals. Saudi Arabia halfway through its Vision 2030 strategy. The next phase of the Vision 2030 plan will emphasize implementation. Saudi Arabia approved its 2026 state budget on Tuesday, forecasting a narrower fiscal deficit as it shifts spending to priority sectors such as industry and logistics in a push to boost non-oil revenue. The kingdom projected a



