RIYADH/DUBAI (Reuters) - Saudi Arabia approved its state budget on Tuesday for 2025 forecasting a fiscal deficit of 101 billion riyals ($26.88 billion), as its finance minister said the kingdom will continue to spend on massive gigaprojects designed to wean the economy off oil.

Approval of 2025 state budget Deficit represents 2.3% of GDP GDP growth of 4.6% forecast Saudi Arabia has approved its 2025 state budget, estimating total revenues at SAR1.18 trillion ($314 billion) and expenditures at SAR1.

Saudi Arabia has approved its state budget for 2025, which forecasts a fiscal deficit of SAR101bn ($27bn) or 2.3 per cent of GDP next year, as the kingdom continues to spend on massive projects under Vision 2030, the Gulf state’s ambitious plan to diversify the economy away from heavy reliance on oil revenues.

Saudi Arabia on Tuesday approved a budget for 2025 that projected a smaller deficit than last year despite continued heavy spending on reforms to transition the economy away from oil. The expected deficit of $26.8 billion, amounting to 2.3 percent of GDP ...

Saudi Arabia on Tuesday approved a budget for 2025 that projected a deficit of $26.8 billion as high spending continues on reforms meant to transition the economy away from oil.

Saudi Arabia has unveiled an approved budget for 2025 with forecast of $315bn revenues and $342bn expenditure Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired a Cabinet session to approve the state’s general budget for the new fiscal year 1446/1447 AH (2025).

Saudi Crown Prince Mohammed bin Salman on Tuesday approved the country's budget for 2025, state media reported, with a planned deficit of 101 billion riyals ($26.88 billion). The budget set spending at 1.

Saudi Arabia has approved its 2025 budget, anticipating a fiscal deficit as it invests in Vision 2030 projects aimed at reducing oil dependency. Total expenditure is projected at 1.285 trillion riyals,

Saudi Arabia on Tuesday approved the country’s general budget for the 2025 fiscal year, forecasting a total deficit of 101 billion Saudi riyals ($27 billion), as the kingdom continues to spend on reforms aimed at transitioning the economy away from oil.