The Saudi Council of Ministers, chaired by Crown Prince and Prime Minister Mohammed bin Salman, has approved the state budget for the fiscal year 2025, projecting total revenues of SR1.184 trillion and expenditures of SR1.285 trillion.
The budget, announced on Tuesday, forecasts a deficit of SR101 billion, reflecting the Kingdom's continued focus on strategic investments aligned with Vision 2030.
Crown Prince Mohammed bin Salman emphasized the importance of adhering to the budget's programs, strategies, and projects to achieve the transformative goals of Vision 2030. The directive aims to ensure sustainable economic growth and diversification while maintaining fiscal responsibility, according to the Saudi Press Agency (SPA).
The 2025 budget highlights Saudi Arabia's commitment to its development agenda, balancing robust investment in priority sectors with efforts to manage economic challenges effectively.
