For the first time, Saudi Arabia’s public debt exceeds 1.3 trillion riyals

The Kingdom of Saudi Arabia’s public debt reached approximately 1.329 trillion riyals by the end of the first quarter of 2025, for the first time in the Kingdom’s history. This compares to 1.216 trillion riyals at the end of 2024.

According to the budget statement for the first quarter of this year, domestic debt rose by the end of the first quarter to approximately 797.068 billion riyals, an increase of 58.816 billion riyals. External debt rose to approximately 531.703 billion riyals, an increase of 54.037 billion riyals. This means that the total public debt…

Regarding domestic debt, data shows that the government issued bonds worth approximately 60.826 billion riyals in the first quarter of 2025, while it repaid the principal amounting to 2.010 billion riyals. Regarding external debt, issuances and borrowings amounted to approximately 54.037 billion riyals, while no principal amount was repaid during the first three months of this year. Saudi Arabia’s budget revenues for the first quarter of this year amounted to 263.616 billion riyals, expenditures to 322.317 billion riyals, and a deficit of 58.701 billion riyals.