The International Monetary Fund on Thursday welcomed Saudi Arabia recalibrating its Vision 2030 spending as the kingdom seeks to narrow its fiscal deficit.
Saudi Arabia's Ministry of Finance this week unveiled the budget for next year. In it, the ministry projects Saudi Arabia's fiscal deficit will narrow to 165.4 billion riyals ($44 billion) in 2026 – or 3.3 per cent of its gross domestic product – from 245 billion riyals in 2025.
Public revenue is estimated at 1.147 trillion riyals.
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