DUBAI, Jan 3 (Reuters) – Saudi Arabia’s finance minister has approved the kingdom’s 2026 borrowing plan, with financing needs of about 217 billion riyals ($57.86 billion), the finance ministry said on Saturday, as the Gulf country pushes ahead with its economic diversification plans.
The amount is intended to cover a projected budget deficit for the 2026 fiscal year of around $44 billion, as well as the repayment of principal due in 2026, amounting to about $13.87 billion, it added.
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The world’s top oil exporter is more than halfway through its Vision 2030 plan that calls for hundreds of billions of dollars in government investment to cut its economic dependence on hydrocarbon revenue.
According to the budget, 2026 will mark the start of the
Saudi Arabia approves 2026 borrowing plan with $58 bln in financing needs
