Saudi Arabia Approves 2026 Budget with Higher Revenues and Strong Vision 2030 Commitments

Saudi Arabia has officially sanctioned its 2026 budget, projecting total revenues of SAR 1.15 trillion, a 5.1% increase from previous estimates. This financial roadmap, endorsed by Crown Prince Mohammed bin Salman, marks the transition into the “maximizing impact” phase of Vision 2030. The Kingdom is making high-paying investments in infrastructure and quality-of-life projects with a total expenditure amounting to SAR 1.31 trillion. This is a strategic fiscal policy to maintain a strong 4.6 percent growth in the real GDP, which is mostly propelled by a flourishing non-oil sector that has become the main driver of the diversified economy of the country.

Advancing the 2026 Budget for Economic Stability

The fiscal policy of the government aims at reducing the deficit to 3.3 percent of the GDP but still a substantial expenditure on social services. By leveraging the 2026 budget, the Ministry of Finance is ensuring that education, healthcare, and giga-projects receive ample funding to meet long-term national objectives.

Strengthening Vision 2030 Through Strategic Spending

The further empowerment of the private sector is one of the foundations of this year plan. Through Vision 2030, Saudi Arabia is reducing its historical reliance on oil volatility, instead fostering a competitive environment for global investment and local industrial expansion to ensure a sustainable and resilient financial future. for more news updates, visit our Gulf Independent News page.