The Saudi Ministry of Finance announced Monday the Pre-Budget Statement for Fiscal Year 2025, which estimated a deficit of 2.3 per cent of Gross Domestic Product (GDP). The statement expected total ...
Saudi Arabia expects its budget deficit to widen this year and next as the Arab world's largest economy boosts spending to finance its economic diversification agenda under the Vision 2030 plan. The ...
Saudi Arabia plans to cut spending next year to contain a widening budget deficit as a decline in oil revenue runs up against the cost of multibillion-dollar infrastructure projects.
Saudi Arabia plans for a 2.3% Gross Domestic Product (GDP) deficit in 2025. The country's finance ministry estimates total expenditures of 1,285 billion riyals ($342 billion) and revenues of 1,184 ...
Al Mohafaza Company for Education reported a net profit of SAR 9.4 million for the fiscal year ended on July 31, 2024, compared to SAR 6.4 million a year earlier.