Saudi budget Q2 2026: Revenues at SAR 338.8B, expenditures at SAR 373B

The Saudi Ministry of Finance announced today, July30, the (actual) general budget for the Kingdom for the second quarter of 2026.
According to official data, the second-quarter revenues reached SAR 338.8 billion, while general expenditures totaled SAR 373.1 billion.
The budget deficit for Q2 2026 stood at SAR 34.3 billion.
|
Saudi Budget’s 2026 Actual Revenue & Expenditure (SAR bln) |
|||
|
Year |
Revenue |
Expenditure |
Surplus/(Deficit) |
|
Q1 |
261 |
387 |
(126) |
|
Q2 |
339 |
373 |
(34) |
|
Q3 |
-- |
-- |
-- |
|
Q4 |
-- |
-- |
-- |
|
2026 (Estimates) |
1147.4 |
1312.8 |
(165.4) |
|
Actual Expenditure (SAR bln) |
|||
|
Expenditure |
H1 2025 |
H1 2026 |
Change |
|
Employee compensation |
286.49 |
295.73 |
3 % |
|
Use of goods & services |
138.21 |
172.34 |
25 % |
|
Financing expenses |
24.33 |
29.10 |
20 % |
|
Subsidies |
14.18 |
30.80 |
117 % |
|
Grants |
0.69 |
2.20 |
219 % |
|
Social benefits |
69.64 |
73.53 |
6 % |
|
Other expenses |
57.21 |
66.70 |
17 % |
|
Non-financial assets (CAPEX) |
67.70 |
89.66 |
32 % |
|
Total |
658.45 |
759.76 |
15 % |
Spending Breakdown:
The government allocated SAR 125 billion to the military sector, SAR 171 billion to the health and social development sector, and nearly SAR 110 billion to the education sector in the H1 2026 budget.
|
Actual Spending in H1 2026 (SAR bln) |
|
|
Sector |
Actual Spending |
|
General Administration |
34.06 |
|
Military |
124.57 |
|
Security and Regional Administration |
66.82 |
|
Municipal Services |
46.25 |
|
Education |
109.73 |
|
Health and Social Development |
170.61 |
|
Economic Resources |
56.48 |
|
Infrastructure and Transportation |
22.42 |
|
General Items |
128.81 |
|
Total |
759.76 |
Public Debt:
Total public debt rose to around SAR 1.68 trillion at the end of H1 2026, compared with SAR 1.51 trillion at the end of 2025.
|
Public Debt (SAR bln) |
|
|
Period |
Total |
|
2025 |
1519.01 |
|
H1 2026 |
1684.99 |
|
Public Debt by H1 2026-End (SAR bln) |
||
|
Period |
Domestic Debt |
External Debt |
|
Beginning of period balance |
1519.01 |
|
|
943.35 |
575.65 |
|
|
Issuances/(borrowing) |
138.71 |
50.08 |
|
Principal repayment |
(21.97) |
(0.83) |
|
Amortization of government bonds |
0 |
0 |
|
End of period balance |
1060.09 |
624.90 |
|
1684.99 |
||
|
H1 2026 Budget Surplus/Deficit Funding Sources (SAR bln) |
|
|
Item |
Total |
|
Surplus/(Deficit) |
(160.0) |
|
Funding |
|
|
Government Reserves |
0 |
|
Borrowing |
160.0 |
|
Total |
160.0 |
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