Saudi revenues hit SAR 263.6B, expenditure at SAR 322.3B in Q1 2025
Saudi Arabia posted actual revenues of SAR 263.62 billion and expenditure of SAR 322.3 billion in Q1 2025, recording a budget deficit of SAR 58.7 billion, the Ministry of Finance announced today, May 5.
|
Saudi Budget Actual Revenue & Expenditure for 2025 (SAR bln) |
|||
|
Period |
Revenue |
Expenditure |
Surplus/(Deficit) |
|
Q1 |
263.6 |
322.3 |
(58.7) |
|
Q2 |
-- |
-- |
-- |
|
Q3 |
-- |
-- |
-- |
|
Q4 |
-- |
-- |
-- |
|
2025 (Forecasts) |
1,184 |
1,285 |
(101) |
|
Actual Revenues (SAR bln) |
|||
|
Revenues |
Q1 2024 |
Q1 2025 |
Change |
|
Oil revenues |
181.92 |
149.81 |
(18%) |
|
Non-oil revenues |
111.51 |
113.81 |
+2% |
|
Taxes on income, profit & capital gains |
6.55 |
6.70 |
+2% |
|
Taxes on goods & services |
69.90 |
71.56 |
+2% |
|
Taxes on int'l trade & transactions |
6.03 |
5.56 |
(8%) |
|
Other taxes |
3.69 |
4.58 |
+24% |
|
Other revenues |
25.34 |
25.41 |
+0.3% |
|
Total |
293.43 |
263.62 |
(10%) |
|
Actual Expenditure in Q1 2025 (SAR bln) |
|||
|
Expenditure |
Q1 2024 |
Q1 2025 |
Change |
|
Employee compensation |
137.50 |
146.09 |
+6% |
|
Use of goods & services |
60.70 |
64.63 |
+6% |
|
Financing expenses |
10.07 |
12.39 |
+23% |
|
Subsidies |
8.33 |
6.49 |
(22%) |
|
Grants |
0.32 |
0.27 |
(13%) |
|
Social benefits |
23.85 |
30.47 |
+28% |
|
Other expenses |
30.55 |
34.18 |
+12% |
|
Non-financial assets (CAPEX) |
34.50 |
27.79 |
(19%) |
|
Total |
305.82 |
322.32 |
+5% |
|
Spending in Q1 2025 (Actual Amounts) – SAR bln |
|
|
Sector |
Allocation |
|
Public administration |
18.91 |
|
Military |
51.40 |
|
Security & administrative regions |
30.32 |
|
Municipal services |
25.12 |
|
Education |
53.94 |
|
Health services & social development |
72.22 |
|
Economic resources |
18.38 |
|
Infrastructure & transportation |
9.94 |
|
General items |
42.09 |
|
Total |
322.32 |
|
Public Debt |
|
|
Period |
Public Debt (SAR bln) |
|
2024 |
1,215.92 |
|
Q1 2025 |
1,328.77 |
The table below breaks down Saudi Arabia’s public debt by the end of Q1 2025:
|
Public Debt by Q1 2025-end (SAR bln) |
||
|
Period |
Domestic |
External |
|
Beginning of period balance |
1,215.92 |
|
|
738.25 |
477.67 |
|
|
Issuances/borrowings |
60.83 |
54.04 |
|
Principal repayment |
(2.01) |
-- |
|
Amortization of gov’t bonds |
-- |
-- |
|
End of period balance |
797.07 |
531.70 |
|
1,328.77 |
||
Sources of financing the surplus/deficit for Q1 2025:
|
Sources of Financing Surplus/(Deficit) for Q1 2025 (SAR bln) |
|
|
Item |
Total |
|
Surplus/(Deficit) |
(58.70) |
|
Financing Sources |
|
|
Gov’t Reserves |
0 |
|
Debt |
58.70 |
|
Total Financing |
58.70 |
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