RIYADH, Sept. 30 (Xinhua) -- The Saudi Ministry of Finance on Tuesday released its pre-budget statement for fiscal year 2026, projecting real GDP growth of around 4.6 percent, supported by expected expansion in non-oil sectors.
According to the statement, strong non-oil activity and ongoing supportive initiatives are expected to boost revenues over the medium term. Total revenues are projected to reach approximately 1.15 trillion Saudi riyals (307 billion U.S. dollars) in 2026 and 1.29 trillion riyals by 2028, while total expenditures are forecast to be around 1.31 trillion riyals in 2026, rising to 1.42 trillion riyals in 2028.
