Saudi Arabia closed the 2025 fiscal year with a strong economic performance underscoring the momentum of its national transformation drive and the resilience of its economy.
Official results pointed to what authorities described as a strategic balance between expansionary spending and maintaining fiscal discipline.
The year marked a significant milestone in the implementation of Vision 2030, with fiscal indicators translating into major projects and enhanced public services that directly affect citizens’ quality of life.
The results also reinforced international confidence in the Kingdom’s economic stability and long-term prospects.
Total government revenues for 2025 reached approximately SAR 1.111 trillion (USD 296.5 billion). Non-oil revenues rose to a historic SAR 505.3 billion (USD 134.7 billion), underscoring the effectiveness of reforms aimed at reducing reliance on oil and building more stable and diversified revenue streams capable of sustaining growth under varying global conditions.
Government expenditure in 2025 totaled SAR 1.388 trillion (USD 370.2 billion). Spending was primarily directed toward sectors central to quality of life. Health and social development accounted for the largest allocation at SAR 278.9 billion (USD 74.4 billion), followed by education at SAR 212.5 billion (USD 56.6 billion).
The allocations highlight the leadership’s emphasis on strengthening healthcare systems, expanding social protection and improving educational outcomes, with human capital development remaining a cornerstone of long-term economic transformation.
As capital spending accelerated and major projects advanced, the 2025 budget recorded a deficit of SAR 276.6 billion (USD 73.8 billion), including SAR 94.8 billion (USD 25.3 billion) in the fourth quarter.
Authorities said the deficit was fully financed through debt issuances and capital market instruments, without drawing on government reserves. Official reserves remained stable at SAR 399.1 billion (USD 106.4 billion).
By financing the annual deficit entirely through debt markets rather than reserve withdrawals, the government demonstrated confidence in its access to capital and its ability to manage liquidity and financial obligations effectively.
Officials say the strong fiscal position sends a positive signal to domestic and international investors, reinforcing private-sector confidence and supporting continued investment momentum.
