Saudi Gazette report
RIYADH — Saudi Arabia recorded a 7 p.c enhance in non-oil revenues throughout the second quarter of 2025, reaching SR149.861 billion ($39.9 billion), up from SR140.602 billion ($39.5 billion) in the identical interval final yr.
This surge introduced non-oil income to just about half of the Kingdom’s whole revenue for the quarter, accounting for 49.7 p.c of all revenues.
In response to the Ministry of Finance, general revenues for Q2 stood at SR301.595 billion ($80.4 billion), whereas expenditures reached SR336.129 billion ($89.6 billion), leading to a price range deficit of SR34.534 billion ($9.2 billion) for the quarter.
Oil revenues, nevertheless, noticed a big annual drop of 29 p.c, falling to SR151.7 billion. Regardless of this decline, positive aspects in taxation and different non-oil sectors helped cushion the affect.
Revenues from revenue and revenue taxes elevated to SR13.729 billion, taxes on items and providers climbed to SR74.950 billion, and trade-related tax revenue grew to SR6.323 billion. Different taxes and miscellaneous revenue additionally recorded average progress.
On the spending facet, authorities expenditures fell by 9 p.c in comparison with the identical quarter final yr, declining from SR368.932 billion to SR336.129 billion.
Within the first half of 2025, whole revenues reached SR565.210 billion ($150.7 billion), whereas spending exceeded SR658.446 billion ($175.5 billion), leaving the federal government with a cumulative deficit of SR93.236 billion ($24.8 billion).
Non-oil revenues throughout this era totaled SR263.667 billion, with oil revenues contributing SR301.543 billion.
The report additionally famous a 2 p.c year-on-year discount in authorities spending throughout the first six months of the yr, in comparison with SR674.753 billion in H1 2024.
Saudi Arabia’s public debt rose to roughly SR1.39 trillion by the tip of June, with SR871.3 billion in home debt and SR515.136 billion in overseas obligations.
The state reserve elevated to SR396.954 billion, whereas the present account stability stood at SR102.587 billion.