Economy and macroUpdated November 5

Saudi Q3 budget records an SAR 84.3 billion deficit as non-oil revenue rises 20%.

The Ministry of Finance’s Q3 2026 budget-performance report, cited by Saudi Gazette, puts the quarter’s budget deficit at SAR 84.3 billion, slightly below the SAR 88.5 billion recorded in Q3 2025. Revenue totaled SAR 259.11 billion against expenditure of SAR 343.42 billion. Non-oil revenue rose 20% year on year to SAR 142.6 billion, while oil revenue fell 23% to SAR 116.5 billion; non-oil revenue exceeded oil revenue for the first time since 2020. For the first nine months, revenue was SAR 858.87 billion and expenditure was SAR 1,103.17 billion, with a cumulative deficit of SAR 244.31 billion. Non-oil revenue for that period reached SAR 412.5 billion, about 48% of total revenue. The Ministry frames fiscal policy as balancing economic growth and development priorities with public-finance sustainability, and describes diversification and non-oil activity as supporting revenue stability and resilience.

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Coverage started November 3