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HomeBusinessSaudi Arabia posts $22.38bn budget deficit in Q3

Saudi Arabia posts $22.38bn budget deficit in Q3

RIYADH: Saudi Arabia recorded a budget deficit of SR84. 3 billion ($22. 38 billion) in the third quarter of 2026, as government expenditure exceeded revenue, according to the Ministry of Finance’s quarterly budget performance report released on Tuesday. Government revenue reached SR259. 1 billion during the three-month period, while expenditure stood at SR343. 4 billion, resulting in a deficit of SR84. 3 billion. Oil revenue declined 23 percent year on year to SR116. 5 billion in the third quarter, co

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