Saudi Arabia posted actual revenues of SAR 263.62 billion and expenditure of SAR 322.3 billion in Q1 2025,recording a budget deficitof SAR 58.7billion, the Ministry of Finance announced today, May 5.
Saudi Budget Actual Revenue Expenditure for 2025 (SAR bln)
Period
Revenue
Expenditure
Surplus/Deficit
Q1
263.6
322.3
(58.7)
Q2
—
—
—
Q3
—
—
—
Q4
—
—
—
2025 (Forecasts)
1184
1285
(101)
Actual Revenues (SAR bln)
Revenues
Q1 2024
Q1 2025
Change
Oil revenues
181.92
149.81
(18%)
Non-oil revenues
111.51
113.81
+2%
Taxes on income, profit capital gain
6.55
6.70
+2%
Taxes on goods services
69.90
71.56
+2%
Taxes on international trade transactions
6.03
5.56
(8%)
Other taxes
3.69
4.58
+24%
Other revenues
25.34
25.41
+0.3%
Total
293.43
263.62
(10%)
Actual Expenditurein Q1 2025(SAR bln)
Expenditure
Q1 2024
Q1 2025
Change
Employee compensation
137.50
146.09
+6%
Use of goods services
60.70
64.63
+6%
Financing expenses
10.07
12.39
+23%
Subsidies
8.33
6.49
(22%)
Grants
0.32
0.27
(13%)
Social benefits
23.85
30.47
+28%
Other expenses
30.55
34.18
+12%
Non-financial assets (CAPEX)
34.50
27.79
(19%)
Total
305.82
322.32
+5%
Spending in Q1 2025 (Actual Amounts) – SAR bln
Sector
Allocation
Public administration
18.91
Military
51.40
Security administrative regions
30.32
Municipal services
25.12
Education
53.94
Health services social development
72.22
Economic resources
18.38
Infrastructure transportation
9.94
General items
42.09
Total
322.32
Public Debt (SAR bln)
Period
Public Debt
(SAR bln)
2024
1,215.92
Q1 2025
1,328.77
Below are details of the Kingdom’s public debt by the end of Q1 2025:
PublicDebt by Q1 2025-end (SAR bln)
Period
Domestic
Debt
External
Debt
Beginning of period balance
1215.92
738.25
477.67
Issuances/borrowing
60.83
54.04
Principal repayment
(2.01)
—
Amortization of government bonds
—
—
End of period balance
797.07
531.70
1328.77
Saudi Arabia posted actual revenues of SAR 263.62 billion and expenditure of SAR 322.3 billion in Q1 2025,recording a budget deficitof SAR 58.7billion, the Ministry of Finance announced today, May 5.
Saudi Budget Actual Revenue Expenditure for 2025 (SAR bln)
Period
Revenue
Expenditure
Surplus/Deficit
Q1
263.6
322.3
(58.7)
Q2
—
—
—
Q3
—
—
—
Q4
—
—
—
2025 (Forecasts)
1184
1285
(101)
Actual Revenues (SAR bln)
Revenues
Q1 2024
Q1 2025
Change
Oil revenues
181.92
149.81
(18%)
Non-oil revenues
111.51
113.81
+2%
Taxes on income, profit capital gain
6.55
6.70
+2%
Taxes on goods services
69.90
71.56
+2%
Taxes on international trade transactions
6.03
5.56
(8%)
Other taxes
3.69
4.58
+24%
Other revenues
25.34
25.41
+0.3%
Total
293.43
263.62
(10%)
Actual Expenditurein Q1 2025(SAR bln)
Expenditure
Q1 2024
Q1 2025
Change
Employee compensation
137.50
146.09
+6%
Use of goods services
60.70
64.63
+6%
Financing expenses
10.07
12.39
+23%
Subsidies
8.33
6.49
(22%)
Grants
0.32
0.27
(13%)
Social benefits
23.85
30.47
+28%
Other expenses
30.55
34.18
+12%
Non-financial assets (CAPEX)
34.50
27.79
(19%)
Total
305.82
322.32
+5%
Spending in Q1 2025 (Actual Amounts) – SAR bln
Sector
Allocation
Public administration
18.91
Military
51.40
Security administrative regions
30.32
Municipal services
25.12
Education
53.94
Health services social development
72.22
Economic resources
18.38
Infrastructure transportation
9.94
General items
42.09
Total
322.32
Public Debt (SAR bln)
Period
Public Debt
(SAR bln)
2024
1,215.92
Q1 2025
1,328.77
Below are details of the Kingdom’s public debt by the end of Q1 2025:
PublicDebt by Q1 2025-end (SAR bln)
Period
Domestic
Debt
External
Debt
Beginning of period balance
1215.92
738.25
477.67
Issuances/borrowing
60.83
54.04
Principal repayment
(2.01)
—
Amortization of government bonds
—
—
End of period balance
797.07
531.70
1328.77
