Business · Economy · 11 hrs ago
Saudi Arabia records SR84 billion budget deficit in third quarter
Saudi Arabia recorded an SR84 billion budget deficit in the third quarter of 2026, according to its Ministry of Finance.
The government collected SR259.11 billion in revenue and spent SR343.42 billion during the quarter.
Oil revenue fell 23% to SR116.5 billion, while non-oil revenue rose 20% to SR142.6 billion.
The figures show how the state’s income is divided between oil and other sources.
For the first nine months of 2026, the budget deficit reached SR244.31 billion as spending outpaced revenue.
Saudi Arabia’s general reserve balance stood at SR399.5 billion at the end of the third quarter.
Saudi Arabia recorded a third-quarter 2026 budget deficit of SR84 billion, with one report putting it at SR84.3 billion.
Quarterly revenues were SR259.1 billion, while expenditures were SR343.4 billion.
Oil revenues fell 23 percent to SR116.5 billion, while non-oil revenues rose 20 percent to SR142.6 billion.
The nine-month cumulative deficit reached SR244.31 billion.
The state’s general reserve balance was SR399.5 billion at the end of the quarter.
- Who
- The Saudi government.
- What
- It recorded a third-quarter budget deficit of SR84 billion; another report gave the figure as SR84.3 billion.
- When
- The third quarter of 2026; the Ministry of Finance released its report on Tuesday, November 3.
- Where
- Saudi Arabia.
- Why
- Revenues were lower than expenditures. Bloomberg attributed the larger deficit to lower oil revenues amid disruptions from the US-Iran war and lower fees paid by Aramco.
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- Quarterly deficit
- SR84 billion; reported as SR84.3 billion by Asharq Al-Awsat
- Quarterly revenues
- SR259.1 billion
- Quarterly expenditures
- SR343.4 billion
- Oil revenues
- SR116.5 billion, down 23 percent
- Non-oil revenues
- SR142.6 billion, up 20 percent
- General reserve
- SR399.5 billion at the end of Q3 2026