Saudi revenues hit SAR 301.6B, expenditure at SAR 336.1B in Q2 2025
Saudi Arabia posted actual revenues of SAR 301.6 billion and expenditure of SAR 336.1 billion in Q2 2025, recording a budget deficit of SAR 34.5 billion, the Ministry of Finance announced today, July 31.
|
Saudi Budget: Actual Revenue & Expenditure for 2025 (SAR bln) |
|||
|
Period |
Revenue |
Expenditure |
Surplus/(Deficit) |
|
Q1 |
263.6 |
322.3 |
(58.7) |
|
Q2 |
301.6 |
336.1 |
(34.5) |
|
Q3 |
-- |
-- |
-- |
|
Q4 |
-- |
-- |
-- |
|
2025 (Estimates) |
1285 |
1184 |
(101) |
Actual Revenues:
In the first half, actual revenues dropped nearly 13% to SAR 565.21 billion.
Oil and non-oil revenues stood at SAR 301.54 billion and SAR 263.67 billion, respectively, in the same period.
|
Actual Revenues (SAR bln) |
|||
|
Revenues |
H1 2024 |
H1 2025 |
Change |
|
Oil revenues |
394.91 |
301.54 |
(24%) |
|
Non-oil revenues |
252.11 |
263.67 |
+5% |
|
Taxes on income, profit & capital gains |
19.40 |
20.43 |
+5% |
|
Taxes on goods & services |
140.03 |
146.51 |
+5% |
|
Taxes on int'l trade & transactions |
11.49 |
11.88 |
+3% |
|
Other taxes |
28.20 |
30.57 |
+8% |
|
Other revenues |
53.00 |
54.27 |
+2% |
|
Total |
647.03 |
565.21 |
(13%) |
Actual Expenditure:
In H1 2025, actual expenditure totaled nearly SAR 658.45 billion, marking a decline of 2% YoY.
|
Actual Expenditure in H1 2025 (SAR bln) |
|||
|
Expenditure |
H1 2024 |
H1 2025 |
Change |
|
Employee compensation |
277.35 |
286.49 |
+3% |
|
Use of goods & services |
136.27 |
138.21 |
+1% |
|
Financing expenses |
20.85 |
24.33 |
+17% |
|
Subsidies |
21.31 |
14.18 |
(33%) |
|
Grants |
1.70 |
0.69 |
(59%) |
|
Social benefits |
63.06 |
69.64 |
+10% |
|
Other expenses |
54.77 |
57.21 |
+4% |
|
Non-financial assets (CAPEX) |
99.46 |
67.70 |
(32%) |
|
Total |
674.75 |
658.45 |
(2%) |
In the six-month period, the government allocated SAR 111.22 billion to the military sector. Another SAR 155.8 billion and more than SAR 104 billion were geared towards the health & social development as well as education sectors, respectively.
|
Spending in H1 2025 (Actual Amounts) – SAR bln |
|
|
Sector |
Allocation |
|
Public administration |
29.58 |
|
Military |
111.22 |
|
Security & administrative regions |
60.85 |
|
Municipal services |
43.16 |
|
Education |
104.08 |
|
Health services & social development |
155.79 |
|
Economic resources |
45.70 |
|
Infrastructure & transportation |
18.52 |
|
General items |
89.55 |
|
Total |
658.45 |
Public Debt:
The Kingdom’s public debt increased to nearly SAR 1.38 trillion by the end of H1 2025, from SAR 1.21 trillion by the end of 2024.
|
Public Debt (SAR bln) |
|
|
Period |
Balance |
|
2024 |
1,215.92 |
|
H1 2025 |
1,386.44 |
The table below breaks down Saudi Arabia’s public debt by the end of H1 2025:
|
Public Debt by H1 2025-end (SAR bln) |
||
|
Period |
Domestic |
External |
|
Period-start balance |
1215.92 |
|
|
738.25 |
738.25 |
|
|
Issuances/borrowings |
197.57 |
197.57 |
|
Principal repayment |
(64.52) |
(64.52) |
|
Amortization of gov’t bonds |
-- |
-- |
|
Period-end balance |
871.30 |
871.30 |
|
1386.44 |
||
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