On November 26, 2024, The Saudi Council of Ministers, headed by
Prince Mohammed bin Salman, Crown Prince and Prime Minister,
approved the state's general budget for the year 2025 this
evening and issued a decision regarding it. As it was expected by
many economists the 2025 Saudi budget projected a deficit of $27
billion. Public expenditures expected to be at $243 billion, While
public revenue projected at $316 billion. For the year ending 2024
budget, the authorities estimated revenue at $328 billion, and
spending at $359 billion, with a deficit of $31 billion.
The authorities projected capital spending at $49 billion for
2025, which constitutes about 14% of total projected public
spending. Oil revenue for the current year (2024) is estimated to
be $202 billion, while non-oil revenue is expected to jump to $126
billion, which represents 38% of 2024 revenue as the result of the
government aim of diversifying its source of revenue and not only
depend on oil export
