Saudi Q1 Budget: SAR 58.7 Billion Deficit in 3 Months, Government Draws on Reserves to Finance Deficit

Government Draws on Reserves to Finance Deficit

The Saudi budget performance statement for the first quarter of this year revealed that the government drew on reserves and the current account to finance the budget deficit in the first quarter of 2025, amounting to SAR 58.701 billion. The statement indicated that SAR 58.701 billion will be used from domestic and external debt to finance the deficit.

Saudi Arabia’s budget revenues for the first quarter of this year amounted to SAR 263.616 billion, and expenditures amounted to SAR 322.317 billion, while the deficit amounted to SAR 58.701 billion.

According to the budget statement, the state’s general reserve balance reached SAR 393.024 billion by the end of the first quarter of 2025, while the current account balance amounted to SAR 91.297 billion.